Sooner or later you have one of those days you are late to the party. Trading in the U.S. market was well under way and had a bullish bias. No price below the 5 minute EMA, and bars were seen as sluggish. A slow grind of waiting if in a trade.
If a move is established ( i.e. late to the party) personal preference is just to stay on the side until a promising set up develops. Chasing is not recommended,
The only play today was the thought that the high resistance would fail again, allowing a short in the pullback.
Resistance was seen in the 1549.5 area and another test was in progress from bar 20. The thought was, price would push slightly into the resistance (we had 1450 as well) and pull back.
The short was taken and followed back to the EMA. Not as exciting as yesterday, but small ranged moves, prices that are relatively stagnant, or prices that trades sideways are more difficult to trade.
It's Friday. The market will change and more trades will come. No need to waste energy on limited returns Enjoy the weekend
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