Whilst the cat is away (inflation)... the mouse can play
Updated
What is the trade here?
We are outguessing the end of a pullback within a pullback ... there is another leg down within this 4th wave in the sequence, with heavy resistance coming into play at 1325 the downside is wide open.
We have a window of opportunity with inflation softening and risk fading via Mueller to complete a pullback as far as 1255/1260..Tracking very carefully the coming sessions in Gold.
Thanks for all the support with likes and comments etc.
We are outguessing the end of a pullback within a pullback ... there is another leg down within this 4th wave in the sequence, with heavy resistance coming into play at 1325 the downside is wide open.
We have a window of opportunity with inflation softening and risk fading via Mueller to complete a pullback as far as 1255/1260..Tracking very carefully the coming sessions in Gold.
Thanks for all the support with likes and comments etc.
Note
Super moves here for the open.. well done shortsNote
An update on the H4 chart Note
Entering waterfall mode hereNote
Superb moves here, well done all shorts!Note
Sharks fully positioned for NFP .. eyes on 1260Note
Clearing first targets at 1275... well done shorts!Note
Some mild profit taking being done here, not expecting a meaningful floor till 1260.Note
Tracking the final crumbs here for 1260 this weekNote
After Fed we are needing to clear 1260 before European inflation tomorrow...Trade closed: target reached
Close but no cigar... no point in holding it for any longer. Well done all still riding it!
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