BCHUSD has done a great movement yesterday but now is quite extended from EMAs Remember, it is always best to take any trade near these levels or even near pivots or trendlines (far from these levels could considered as extended, quite dangerous and chasing the trade) Now we are waiting the retracement to occur then of course taking the pullback :) If no retracement, then no trade (would be very extended) Our target points are just important levels, 200 EMA, 100 EMA, pivots and trendlines (trade the obvious) Keep tight stop losses
Alberto MT
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wow, what a Jump, Not even a retracement! It is ok, sometimes it happens. Taking an entry right now would be considered chasing it and FOMO. wait always a retracement.