UPDATE: And we are stopped out at a loss of $1.00. The hourly signal still remains valid at $1306 or $1313- ish on upside, but that is enough for us today
Apparently sideways meant lower today. The 15 minute broke wider to the downside.
Short term traders should be short spot at $1307.50 with a $1308.50 stop loss in place.
Risk $1 to make $3 and cover at $1304.
But if the 60 minute capitulates and widens, trail your stop and look for $1297 in spot
Now to see if the market can weather a thinly traded London market and hold its own or if "someone" smells blood and slams it.
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