I do not like that I keep trading the fiber, cable is much less sloppy right now. Nonetheless fiber is giving me setups so I take them.
Long at 2520 this morning. OTE from London low to New York high. Confluences include today's Asian session high, yesterday's Asian session high, yesterday's high, and Monday's CPP to name a few.
Yesterday price traded up to 2528 and bounced around the 20 level for the rest of the day. London trades over it. Resistance becomes support and New York trades back down to it.
Only 1% risk. SMT and USDx divergence for confirmation.
Stop loss now at break even. We'll see if it can push up to 2580 which is resistance on the daily chart, 62% retracement for the week, ADR, and S2.



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