i will also look to trade lower timeframes but i also will have this long term position
since we broke the orange triangle and are now consolidating below it, i will be looking to sell if we break consolidation to the downside. that way i will hopefully profit from the fact that im gettin stopped out on the big position and can hopefully make up my loss.
this will be my rouhg target setup for the moment anyway.
you can ofc stay patient and wait for a bigger retracment and or flag/consolidation. after all we are very overextended on a lower timeframe, so chances are good that his will happen. i had limits overnight, so just got filled without having to think about it too much ;)