On the idea that during sharp drops or gains, as long as its above/below 25% of the leading candle. A trade can be made to the next liquidity point. With a stoploss between 50-70%.
Market tends to extend in the direction closed the previous day and retrace highs/lows.
Since yesterday was deep red, we can expect some move back down to that area.
Market tends to extend in the direction closed the previous day and retrace highs/lows.
Since yesterday was deep red, we can expect some move back down to that area.
Comment:
evidently the entry was too early and the stoploss shouldve been the true entry at 37902. Took repositioning loss and entered short 37902, and still expecting continuation to the downside.
