Buying soon, given a short term bullish divergence and candle formation
Target 1 is a combination of a supply zone on a lower time frame and a 38.2% retracement of the recent decline - this will still be a 2:1 trade, if it grinds higher into the supply overhead (at which point I would likely short) then it will be a nice 6:1 trade
Still bearish but will try for a quick snap back rally into a sell area to reestablish a short again
Trade active
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Trade closed: stop reached
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And sometimes you are just plain wrong
Comments
sulbas
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thank you for share bro.
sulbas
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Need to see Friday datas.
dionvuletich
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Maybe, I'm short on a longer term setup (look at the quarterly chart) and this is simply fading it back to short again
While I don't open intraday setups on NFP Friday and usually don't even bother looking at charts then I have no problem with leaving longer term swing trade entries on the table
Waiting for data releases only increases the risk & slippage in my opinion especially if it starts moving quickly, if I get in and wrong risk is small - move will be in its infancy so slippage will be relatively minor on liquid contracts and upside is better