9/24/2015 German IFO Business Climate (0400 EDT)
Forecast: 107.8
Actual: 108.5
Previous Revision: +0.1 to 108.4
DULL FILL…SPIKE WITH 2ND PEAK
Started @ 1.1227
1st Peak @ 1.1233 – 0400:07 (1 min)
6 ticks
Reversal to 1.1225 – 0400:48 (1 min)
13 ticks
2nd Peak @ 1.1238 – 0401:40 (2 min)
11 ticks
Reversal to 1.11198 – 0422 (22 min)
40 ticks
Expected Fill: 1.1231 (long)
Slippage: 0 ticks
Best Initial Exit: 1.1231 – Breakeven
Recommended Profit Target placement: 1.1240 (above the HOD)
Notes: Small reaction that recoiled due to the strong resistance of the HOD. This was also indicated by the large reversal after the 2nd peak.