Today's trading opportunity.
Beat on retail sales + upward revisions which is likely going to push up Q2 GDP and shows consumers are out spending in a healthy economy with low unemployment. Risk off in the AM was running out of steam and that is typically a sign to stay out. This news was a catalyst for sentiment landing 2 nice trades, the initial spike, then a technical pullback to test the top again. The first trade you could have pulled 15-20 pips and the second 10
Beat on retail sales + upward revisions which is likely going to push up Q2 GDP and shows consumers are out spending in a healthy economy with low unemployment. Risk off in the AM was running out of steam and that is typically a sign to stay out. This news was a catalyst for sentiment landing 2 nice trades, the initial spike, then a technical pullback to test the top again. The first trade you could have pulled 15-20 pips and the second 10
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