Updating on my original tomo short idea where we caught a sick move from 1.55 to 1$ and then some!
Nice little dead cat bounce on tomo, expecting further downside I'd be surprised if lows are in. I don't LOVE this setup because on higher timeframes this may be newly forming support but the invalidation is clear in my opinion and therefore I'm shorting CMP of 1.246
Stop is wider for this because I can't rule out a wick to 1.33-1.37 before another push lower. If price can push into 1.41 or higher than the lows are probably in and this keeps grinding up to 2.6+
Tp1 1.033
Tp2 .945
Tp3 .815
Moon bag to .61-.77 if she really bleeds
Nice little dead cat bounce on tomo, expecting further downside I'd be surprised if lows are in. I don't LOVE this setup because on higher timeframes this may be newly forming support but the invalidation is clear in my opinion and therefore I'm shorting CMP of 1.246
Stop is wider for this because I can't rule out a wick to 1.33-1.37 before another push lower. If price can push into 1.41 or higher than the lows are probably in and this keeps grinding up to 2.6+
Tp1 1.033
Tp2 .945
Tp3 .815
Moon bag to .61-.77 if she really bleeds
Comment:
still short, patience on this one is going to pay i believe.. Did not expect it to chop around this long to be honest but not every trade is going to be quick in and quick out i guess