Hi All,
After a nice retracement, we can see that the short term uptrend was broken with strength from the market, therefore we can expect further downside. My only concern on this trade is if my stop is large enough, but I'm not willing to go higher than previous market high, so let's ride this out as it is a nice RR trade.
After a nice retracement, we can see that the short term uptrend was broken with strength from the market, therefore we can expect further downside. My only concern on this trade is if my stop is large enough, but I'm not willing to go higher than previous market high, so let's ride this out as it is a nice RR trade.