There was a lot of resistance once the london/ny cross happened. I closed what I had at 174 then, since I saw a huge amount of trades being loaded up at that point.
Seems the market has recovered since then, but I agree, it's meeting a lot of resistance. It's moved up a bit, from 174.08, to 174.14. Might see another breakout when the london session comes back into play. Until then, I'm thinking it'll just dance between 173.800 and 174.140. Maybe a break will happen sooner. I'm fairly confident there's still a bit more to be made going bull on this. It might be setting itself up like it did around 173.350.
In the meantime, I'm just going to set up a few small scalps on this movement, then keep an eye on it when tokyo comes into play. If it hits that point I'm seeing around 173.8, I'll go long back up to 174.14. Tokyo basically started this whole bull movement, now they can finish what they started!
Seems the market has recovered since then, but I agree, it's meeting a lot of resistance. It's moved up a bit, from 174.08, to 174.14. Might see another breakout when the london session comes back into play. Until then, I'm thinking it'll just dance between 173.800 and 174.140. Maybe a break will happen sooner. I'm fairly confident there's still a bit more to be made going bull on this. It might be setting itself up like it did around 173.350.
In the meantime, I'm just going to set up a few small scalps on this movement, then keep an eye on it when tokyo comes into play. If it hits that point I'm seeing around 173.8, I'll go long back up to 174.14. Tokyo basically started this whole bull movement, now they can finish what they started!