Great example of why waiting for the momentum is so important.
Right now, the trade plan makes sense from a technical perspective but as long as 1245 holds, there is no reason to sell.
Price has bounces multiple times here.
Price made a lower high but NOT a lower low yet and price is trading just at a previous market top. A break below 1245 could mean more selling. A bounce will cancel this trade idea.
Right now, the trade plan makes sense from a technical perspective but as long as 1245 holds, there is no reason to sell.
Price has bounces multiple times here.
Price made a lower high but NOT a lower low yet and price is trading just at a previous market top. A break below 1245 could mean more selling. A bounce will cancel this trade idea.
I have been trading for 15 years!
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> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog