Price traded down to the figure but I couldn't find any type of confirmation of a reversal using SMT or USDx divergence. The only confirmation I could find was a Type II stochastic divergence using the second swing low formed out of London which is a bit shaky. I had to drill down to a 5 minute chart on both before I finally found fiber starting to distribute while cable was still accumulating.
By that time price was trading near 5515. I waited until it got to 5512 and entered long. Not much I could do about the entry. I didn't want to enter just off the figure and retracement of the London move so I had to wait. Cost me 12 pips. Also I only entered 1% risk on this one.
Price has now traded up to 5542 and I took half the position off. Going to leave on the other half for 1500 GMT or 5600 figure.
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