Expect a spike around the shown entry level. This will drive enough retail on enjoying their longs and even more entering fresh new ones. A pullback will be needed. You can scale out of the position gradually above 2RR.
The bearish macro trend will stay intact with the upcoming fundamental developments and mainly interest rate divergence with other still be to hiking countries. This is a pullback trade!
The bearish macro trend will stay intact with the upcoming fundamental developments and mainly interest rate divergence with other still be to hiking countries. This is a pullback trade!