The trend is downwards with lower lows being printed every time and until this trend changes I’m mainly looking for shorts. The hourly candle looks ugly so far and even tho one should always wait for the candle to close before making trading desicions based on it, I’m moving in early here and looking for a good RR short. I feel that there is a good chance that we will revisit the lows at 9150. My target is 9250-9300 for this trade because that’s were I believe the stops of the longs are.
Trade closed: stop reached:
I ended up placing my stop at 9550 which just got hit. If there is one thing I’ve learned this week i is that stick to your original plan and don’t take profits too early but let your winning trades run in peace.