An extreme high has seen liquidity raided. The overall narrative remains bullish.
The 15-minute timeframe is still mixed and I am waiting for clear changes of character to trade the pullback
The 5 minute timeframe is bearish because of the break of structure and could confirm the 15 minute pullback.
Final thoughts:
Many accounts will blow during these times of uncertainty. Only trade you set up, do not force the hand of the market it can never be wrong, if you doubt stay out. Moreover, take especially careful consideration of risk management, achieve a percentage and get out. Do not chase the 1000-dollar trades because you will burn.
COT DATA
www.tradingster.com/...egacy-futures/20974+
The 15-minute timeframe is still mixed and I am waiting for clear changes of character to trade the pullback
The 5 minute timeframe is bearish because of the break of structure and could confirm the 15 minute pullback.
Final thoughts:
Many accounts will blow during these times of uncertainty. Only trade you set up, do not force the hand of the market it can never be wrong, if you doubt stay out. Moreover, take especially careful consideration of risk management, achieve a percentage and get out. Do not chase the 1000-dollar trades because you will burn.
COT DATA
www.tradingster.com/...egacy-futures/20974+