Haven't touched this market till yesterday since my last post. Got stopped out on a badly executed fill after having price go in the direction I expected prior to this trade, which gave me the confidence to make the trade.
Saw big buying cluster (now green, used to be red), then expected price to stay above VWAP but it didn't, got stopped out with -5 tick damage.
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Gold vs. Euro correlation: What correlation?!
Gold's long term uptrend hit the breaks on this liquidation day... tanked over 3%
While euro had a no dip Thursday... up over 2.4%
Also notable on the tape today were big orders at capitulative volume spikes (over 90), either long or short
Euro bumped into 50DMA resistance...
...and made its first significant dip of the day before ramping into 1.25s
Also notice the big sell print in spot Euro on the retest of that 50DMA, these kind of prints happened last week too, so far the most consistent swing buy signal in Euro since I started tracking it:
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