Early morning I added an Inverted Head & Shoulders to the chart in yellow. Since we already broke through it, and now we're retesting the neckline, this is a bullish indicator. But ...
We climbed up to the 34ema and rejected off. When price action started looking weak, I moved my Stop Loss to break even at 1.745 and it was hit 12:12pm ET.
We made a new low in this down leg today and closed under the 8ema. At this point I wouldn't want to be long or short. So, this was a very short trade but thankful to be out without a loss.
Just have to watch it for a good signal one way or the other.
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