The day started with the 8:30am EST empoyment and income reports. The employment numbers missed big and the markets responded by crashing trough the overnight lows. Price stopped dead on the DTG 80.25 level, consolidated for a while and then bounced higher. As I posted in chat, it was obvious to me that the market would try to retest the overnight lows. After a few minutes, price retested the 80.25 area providing a great pre-market long opportunity.
As the regular trading session opened, price was climbing through the DTG 87.25 level. Order flow kept me from taking a short trade. Price quickly climbed into the DTG 90.25 level which was not a great area since this is where price started the morning news selloff. Any short from the 90.25 level would have worked for most models.
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