After January 27th Momentum gain into $3.50s area we seen a heave pull back down below $1.50s. the markets has given time to squeeze out the day traders and i think it's a good time to put on a Swing Play now that we are giving way to a squeeze. holding that 50 EMA. if it breaks past $1.00 i would stop out of this trade. but the R:R is about 1:3 on this play into...
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Not much to say here, price is slowly moving downwards.. we'll enter with the current trend - down. If price starts moving up, we'll get out. Simple.
** We do not try to predict future price. We simply react to current price movements based on interpretations of past data.