I'm actually already in this trade and have been for a few days.
I saw price hard reached previous resistance and stochastic had crossed at 90 moving down, looking at ADX, there was also no strong trend continuation at this point, so it seemed reasonable that we'd be looking at a reversal.
My plan is to take profits halfway way, move my stop loss and then see where the price goes.
As always, good luck everyone.
PA
I saw price hard reached previous resistance and stochastic had crossed at 90 moving down, looking at ADX, there was also no strong trend continuation at this point, so it seemed reasonable that we'd be looking at a reversal.
My plan is to take profits halfway way, move my stop loss and then see where the price goes.
As always, good luck everyone.
PA
Trade closed: stop reached