Back Testing CPI

Back Testing CPILesson 9 of 115 min read

Right setup, wrong minute

The same market produced a valid session setup later that morning. It was refused by the clock, and by nothing else.

A declined market still gets watched. This one produced something worth writing down.

What appeared

EURUSD traded down and took the London session low at 1.0812, then closed back above it.

A 15 minute candle then closed at 1.0831, above the last swing high. Sweep, then break of structure, in that order.

The session low was taken and the structure broke. The sequence was complete.

When it appeared

The break candle closed inside the same minute as the release.

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