A few false punctures at $1.85 followed by retreats. Unlikely to dip significantly before earnings but a scalp opportunity to the EMA and beyond if it breaks that wedge.
No positions. Exited at $1.85 today.
Note
Sold off on layoff news. Suggests weak earnings are coming. Likely to revisit the 1-$1.25 lows unless there's a notable change in mortgage rates and/or yield curves.
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