High of the Day: Prior Day High
Morning Reversal at: Camarilla L3 at 4.12 am
US Market Open Move ended at: R1Mid at 10.02 am
Low of the Day: Prior Day Low
Close of the Day:
Prior Day High
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Today started with a long signal on the 10 Min Chart so the week could happen like this: First we trade up to the 5510, 5550 or 5580 area and then going down reaching the remaining 60 Min Target at 5390. Nevertheless we are already overbought before the 3 am open, so we could first see a test of fridays close or low before we continue higher or a follow through and have a shorting opportunity right at the open. Anyway I am expecting to catch at least 40 Points in the morning session.
As expected there was a huge gap fill trade, both 1 min and 30 sec. charts catched all the reversal points, so seams like to limit the number of trades 1 min timeframe is fine to trade decision point area.
For the US Session its looks like we first test the 5.30 am lows as there is a 10 Min Short setup, then we might see higher prices pretty much the same bounce that we saw this morning.
Almost the same situation in the US session as this morning: after the Open a quick dip down into a buy opportunity then rally and after the news basically an overbought situation in a sell decision point area, then again a buy opportunity with multiple re-entry opportunities all the way up till the end of the session.
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