Good afternoon Traders!
FREE FOR ALL
Those who are following us know that on Friday we only comment what we made during the day. We do our analysis for Monday on Sunday evening.
We had a good day as we expected the market was undecided until the release of U.S data that came above market expectations.
The circle area shows that there was a indecision moment in the price, because the price was smelting (due to U.S data) than the ECB release a report that says that they were buying Spanish and Italian debt. In this moment we saw a good fight between bull and bears but few minutes after the DJ open and the bull win the fight for some time, sufficiently for us to make the trade and get out of the market as we wanted. (marked with arrows)
We expected that the market felt that support region seen in the last days/weeks the price had already tested four times that area and toward south.
We wish a good weekend to everyone.
Best Regard.
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