The key to quick day trades like this is to be patient when entering and to not be greedy when exiting. A simple 2:1 RR is an excellent return for such a quick trade and therefore you should not get greedy when you see the bullish momentum come in to the market.
The underlying trend is bearish so this is a trade against the trend. The upside potential will always be limited because of this so take your 2% gain and run. As you will see, price then swiftly reversed to the downside and continued on its normal trend.
UnknownUnicorn772665
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Wow! This one actually shocked me at how quick that was. Simple and effective support zone bounce.
The underlying trend is bearish so this is a trade against the trend. The upside potential will always be limited because of this so take your 2% gain and run. As you will see, price then swiftly reversed to the downside and continued on its normal trend.