With New Home sales surprising to the upside earlier in the week I was leary about shorting this Pair before the report because the two go hand in hand for the most part. Missed out on much of the drop with my Short.
Took a Long @ 87.68, have a few more Pips to work with then Ill be out. Targeting 10 Pips.
As of now my parameters are 87.25--88.11, it will more than likely tighten a bit within the next hours but for now unless it gets in those general areas I will not trade. Still keeping a close eye on it though.
it seems the gravitational pull at 87.00 is really very strong ... look like its very difficult to lift off or dive away from this magnetic pull at 87.00 area
looks like the pink channel is in force for the last few days .... will it work again ..?
in the short term , hourly macd, osma, and stocs looks inviting ... or it might take a rest and consolidate around the green and pink lines ...
