Emotional dumping. People overreacting to weak inflaton figures on the usd (what a surprise bla bla bla ) whatever.
I think it could end soon. Max target almost 3% up which is 3 ATR Max stop loss 1 ATR down
But I aim to get out in the next 24 hours. These are just the "max" in case something goes really wrong.
(After this strong selling I expect a strong bounce)
** Important to use small size here XD Risky.
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Is that falling knife ever going to stop? I'll double up my size when we are 2/3 of the way toward SL in that support area, juicy RR then and tighter stop so it's ok to be a lil bigger then don't need to go small anymore.
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Here's your violent surge/bounce. I was sure this would happened, could smell it. What I do not know is how far it will go so sit tight. As long as we make a higher low
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Since we failed to close the daily above trendline I do not want to overstay my welcome. I will aim for a retest as resistance, and also stay in as long as we stay in a uptrend on the 5 minute chart (using the blue line as a reference).
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Getting close to that SL
Trade closed: stop reached
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No idea where it goes next. I am out.
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Still going to follow this out of curiosity. I don't have big bullish plans for this.
I think I am going to focus more on swing trading (3 days to 2 weeks) from now on. I don't like the week being over thursday midday for me (I often hold for 1 whole day / overnight, don't want to hold over a weekend or have to cut early lol).
I will post more trade ideas, helps me keep track and flex, and less troll ideas. Maybe some educational too as I learn new stuff. Probably still going to have a few troll ones thought, some people are impossible not to play with :)