I like the structure on this trade in favour of a long at this level. I think a lot of traders are going to be short or are going to short a HnS formation and get taken advantage of.
Price action and seems surprisingly strong at a few key levels I'm looking at to make me think it's exactly that.
I also like that it's pulled back to prior daily low and prior weekly high after forming an evidently super reversal daily candle during FOMC manipulation day.
2.19 RR is completely fine with me in a situation like this because I think I won't get stopped out very often.
Will be a public trade on 1Broker when active. You can "copy" me on the platform as well.
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
Retail traders gonna feel that pain.
Closed this on the first bump since my entry was so shit and derisking is important. Will re-examine.