Another one of my potential 1:10 setups. You learn and earn. Don't trade directly based on what I say. This is in my opinion the right way to leverage important levels in the market. You always wait for a break of the level to avoid getting shaken out. The hard part is where to put the stop-loss. Always add a bit of noise to avoid the same.
There clearly is fear in the market. In most cases, this is an excellent opportunity to start taking risks aggressively but one needs to have some sort of confirmation in order to make the most of fear. Keep trading like you generally do. Drawdowns are natural just make sure the risk is low enough. It's drawdowns like these that give excellent trade setups. So,...
Please do not trade based on my opinions they are not set in stone. I just have high RR but poor accuracy and I am completely open about it. This is just me keeping log of the trade I took and not a trade recommendation. The previous swing high only gives me 1:5 RR which is not my ideal RR as I gun for 1:10. Let's see what happens when it hits target, I might...