2 trades, only 1 will trigger, the other will cancel.
a) if we drop first it's a bully sign and maybe we making new highs, long to previous high.
b) if we keep climbing without a retrace, it's a short squeeze and we go for the short somewhere near the previous structure break.
there is option c) which is it drops without making another bottom and just tanks... in which case bully stop will get hit and I will look to play retrace.
a b or c?
a) if we drop first it's a bully sign and maybe we making new highs, long to previous high.
b) if we keep climbing without a retrace, it's a short squeeze and we go for the short somewhere near the previous structure break.
there is option c) which is it drops without making another bottom and just tanks... in which case bully stop will get hit and I will look to play retrace.
a b or c?
Trade active:
boom. tapped the old fill. we long
Trade closed manually:
hedged short around 23130
closed long just as passing previous low at 22970
will let short ride for a bit but marking this closed manual
closed long just as passing previous low at 22970
will let short ride for a bit but marking this closed manual
