Taking this down 25 PIPs. Counter trend trade. SL just above last high.
Daily directional bias is southward. We have some key levels that need to either be respected (FO = fake out) or rejected (BO = Break out)
Looking at where we are at what we have to go back to, I am taking a long position to at least the 4H Kijun Sen.
See the attached link for the current trade idea.
Looking at this from the perspective of the Cloud, (Weekly - Daily - 4H). *Counter trend trade
Looking at the same sort of setup I had for GJ.
Short profit run going long for GJ.
I am just looking to short this (market entry) for a small gain downward before coming back up.
Almost the same risk to reward on the initial short. Risk-free.
Looking to buy this back up now on a key bounce if the trade happens.
Looking at this from a MTFA perspective. Short, then a buy back up.
Looking at this from the perspective of the IM Cloud and basing entry off of the 88.6% Fib retracement.
Looking to short this back down to market structure.
This is a great stock. I originally purchased it at $50 and got out at $70. I should have held this long-term. Looking for another opportunity to buy for long term but right now just temporary trading.
I have taken a short position (very short) on GBPAUD