After the series of lower highes and lower lowes as the sign of bear taking over potential to get to the short trade. Entry from the retracement based on consecutive series of bearish candles. Target based on last support. Stop loss wider in order to provide the space in case of need. Despite larger stop loss still decent risk/rewards opportunity.
@meszaros, thank you very much! I take it as a huge compliment from you :). Lately I am working on developing trend continuation strategy. Now I am testing it and so far it looks like the best I ever had :)
Captain_Walker
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Hefty stop-loss and almost 1:1.2 RR. It could well reach 1.12000 but I'm uncertain. I'm out.
winnie144
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@Captain_Walker, I am holding.
I think there is still room for more move down.