This is a risky one, so please manage your risk accodringlyi0 I think it worth a try.
I believe we're on top of a distribution, so a retest of UTAD looks best for an entry. Multiple orders added into red box.
I believe we're on top of a distribution, so a retest of UTAD looks best for an entry. Multiple orders added into red box.
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Locked some profits :
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hedgin with a tiny long here, big short remains open btw :
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still not looking good, closing the hedge :
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lets see if we can have a mini hedge this time :
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lets add another 3 R here =) closed the hedge long:
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I hold my main short position, but I think we should watch this range for a while. This 1 hr range might be our accumulation zone :
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We possibly go back into the range. this is a key level, and I'll explain this on detail later :
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for the first half of the week, we might see a weak DXY and stron BTC, but on daily, the market structure is break with a LL, and pullback of this move will be a decision point. are we goin to see a multiple top formed distribution or a regular one ? Lets see :
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decision point bounce or die :
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so here's another decision point. to call this as a reversal we should gain the green box above:
Trade closed manually:
this definetely wants to go higher, so I close my position now for a better entry and less cost