TRADING BLOG EP. 37 - CPI AFTERMATH
The CPI numbers dropped today at 8:30 AM & tricked 9/10 traders. They came out under expectations, which caused a huge rally in the pre-market session. However, this bullish sentiment did not last.
Buyers did not accept higher prices & sellers gained control of the market. This led me to taking a short position. This traded ended very nicely as the market went imbalanced at the lower extremes. I ended up closing the full position after the market found support at a HTF level.
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