As I said before, 1300 is a pivotal level, and it is proving it again today. And the sharks know the psychology of retail traders too.
Afternoon session, opened with a gap down below 1300, I instantly could judge it was a trap to lure shorties (to add positions). And based on my indicator, I longed at 1299+/-, took my quick swing profits at 1309+/-. Beautiful short sweet swing, helped me to get back what I had lost yesterday and earn extra. (I would double my order size if I am in for a intraday swing).
FCPO, again, oversold market, a 20 points swing-up was as easy as a gimme!! LOL!
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