Good observation.
This move down retraced on itself back to the pivot area providing a second entry short.The Daily pivot fib level is what is in the way of moving farther down.It apears a second attempt on it will be made here and I will close this scalp move ive made if it does hold.If they do get this level to break (2.0520/2.0525) there is room down to 2.0460/2.0420.The swing on this last move up here indicates we could see stalling at 2.0490/2.0470 and provide an exit for me.
The failure last night to open a candle above yesterdays high of 2.0682 was an early sign.
This move down retraced on itself back to the pivot area providing a second entry short.The Daily pivot fib level is what is in the way of moving farther down.It apears a second attempt on it will be made here and I will close this scalp move ive made if it does hold.If they do get this level to break (2.0520/2.0525) there is room down to 2.0460/2.0420.The swing on this last move up here indicates we could see stalling at 2.0490/2.0470 and provide an exit for me.
The failure last night to open a candle above yesterdays high of 2.0682 was an early sign.