On Sunday we said we wanted the undercut low. Instead we got immediate support and the long into resistance. If you follow us on Social media we gave a clue yesterday about the move coming before FOMC and the undercut low.

We then identified the move was on its way, which is why we told everyone here to protect longs and take partial profits

Then like magic! We got the undercut low. What we did know is we have Excalibur targets above. So as we showed earlier, we said we will wait for the low to go high

And just like that target 2 has been hit

Stop loss = 10pip Pip
Pip Capture so far = 390pips

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If you sold now's the time to take profits and protect the trade. We'll wait to go long, the short was enough for now.

This is why we said we're not going long yet. We identified a structure on the chart which told us this morning it was going lower.