The market moved quickly lower. Ran stops on Previous week low and 110.300 level. I placed a market order as soon as it broke below the 110.300 level.
The game plan was if the price moves back into the blue box I will add a position to go short. I had stop at 110.778 and was stopped out.
Notice how fast it move higher after running the stops and the swing it formed. I will wait for price to retrace back at the PWL level and watch Price action and hunt for long setup.
Trade active:
My buy limit order filled
Price: 110.510
Stop: 110.112
Target 1: 112.207
Target 2: 112.693
Any break above the weekly open (WO). I will wait for retracement back at WO and add another buy
Price: 110.510
Stop: 110.112
Target 1: 112.207
Target 2: 112.693
Any break above the weekly open (WO). I will wait for retracement back at WO and add another buy