Reversal to 90.19 – 1118 (78 min)
Notes: Moderately positive report exceeded the forecast by a point. This caused a small long spike of 12 ticks that was unsustainable and could not reach the short term high attained a few min before the report. It used the 100 SMA as support for the launch, then the 20 SMA was enough resistance to rein it in. With JOBB, you would have filled long at 90.53 with no slippage, then had an opportunity to exit with 3-6 ticks on the :02 bar at or above the 20 SMA. After that it chopped sideways stuck in the fist of SMAs and attempted a 2nd peak, only able to achieve 1 more tick. Then the reversal fell 41 ticks to cross the all 3 SMAs and find support at the OOD.