4/15/2014 CNY Quarterly GDP (2200 EDT)
Previous Revision: n/a
SPIKE / REVERSE
Started @ 0.9312 (2159:29)
1st Peak @ 0.9334 – 2201 (2 min)
Reversal to 0.9321 – 2202 (3 min)
Continued Reversal to 0.9309 – 2224 (25 min)
Notes: Matching report caused a long spike of 22 ticks that reached the R1 Mid Pivot and launched at :29 sec in a gradual rise. With JOBB your long order would have filled at 0.9318 with 1 tick of slippage, and shown an easy ramp up to 15 ticks at the R1 Mid Pivot as a optimal exit. After the peak, it reversed for 13 ticks in the next bar to the PP Pivot. Then it continued into an extended reversal for another 12 ticks in the next 22 min as it reached the 100/200 SMAs. With the matching report, a trade on the HG would not be recommended.