This market has moved up to a long-term resistance level on the back of an (expected) rate hike in Australia, and I have taken the chance to go short. Lower chart shows entry level; upper chart shows trading range.

Update: The market is running up strongly, and I have taken a small loss (0.3 risk units) to get out. This was not a good trade — the strong up-day today was not a chance to get in, but a sign that the market could continue up. Trading ranges is more successful if you wait for the range to hold — today is proving a good test.

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