The Recovery/Retrace of the Dump has reached the last Resistance on the 4h also cleared the Weekly Pivot points The StopLoss is pretty much any new high and TP could differ because Bulls are cleary in Charge right now and we are skipping 2 Support areas with the TP.
EquityRisk is 0.75% - countertrend + hedge are the reason for that
Trade active
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Comment
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taking partial Profit at S1 - strong support of the previous ledge and SL moved down to b/e or slight profit
Trade active
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- stop moved down to 1023.5 and starting to buy some on futures -> goal is still to buy the inital position at 960ish
Trade closed manually
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- converted to a long, Support is strong -> no point fighting the trend
@catenatedgoose, the high was "expected" as a recovery - flagging would make sense, but we are to overextended in my opinion a healty retrace to find support is much better