Looks like that shooting star I mentioned in the last post was indeed a good starting point at pre-empting the upwards movement to 1.10628. We've closed above this point, so the SFP I was looking for is no longer valid. I've updated my Daily level to 1.11096, which lines up nicely with the 0.618 Fib level. Since we are past today's ATR, I'll not be looking for longs. I've set alerts at 1.11096 to look for shorts.
Commentaire:
Update: Daily level moved up to 1.11162. Alerts set at this price as well as the 0.618 Fib and 1.11081.
Also interesting how after the Hammer price tried to take out the low, stalled and then printed a Bullish Engulfing (traded below the low and closed above the high of the previous candle). Immediately after the engulfing, price surged (and is continuing to surge) upwards.