Reversal to 97.07 – 1010 (10 min)
Notes: Matching report that still delivered a bounce to the market. This caused a short spike of 27 ticks that had to fight through all 3 of the SMAs delaying the majority of the spike to the :03 bar. With JOBB, you would have filled short at 96.88 with 1 tick of slippage, then seen it hover within 2-3 ticks of your fill point on the :01 and :02 bars. This was cause for me to play it safe and exit at break even after I noticed the matching results along with the SMAs to restrict the drop. The :03 candle drop was a surprise and probably due to the overbought sentiment and trading near the HOD. Naturally, it could not sustain the drop and rebounded quickly on the following 2 bars, eventually reversing for 40 total ticks 10 min after the report to hit the HOD.