Beautiful R20 from 1327,25-1307,25 I shorted @ 1309 (stop and reverse from a long @ 1310). I exited with 0,25 points profit as price seemed to be stalling and possibly finding support. IMO, the trend is still in effect, although it looks like we might be bottoming out for the day, unless price starts moving soon. Will consider a long on a break above 1310 and a short on a break below 1307.
Considered a trail stop @ 1306, but decided to cover @ 1305. Might re-enter later. Might see 1300 today.
Currently looking at the following range: 1304-1306,50. A breakout to the upside should be a nice long signal IMO. If not, we might test the daily lows one more time and even go lower. The R/R might look better for a long now.