Chair Powell did not deviate from his hawkish message this morning. All the stars are aligned on the moving averages. I had previously closed my long from 128 at 132.7 and shorted back to 131.10. (I generally do not hold overnight positions before risk events like Powell's speech) After Powell I traded a bounce from 131.06-131.34. I waited for the pull back and am now long at 130.93. Today was a great scalping opportunity across all the USD pairs. Targets TBD and stop at 130.30 for now.
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My long narrowly survived the overnight spike down but still in play. I'll follow up with a look at overnight price action in USD pairs.
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