Long 131.5-133.1
Stoploss at 131.4 (0.95%) loss
Targets 141-144(7-9%)
Timeframe: 14-18 days
Risk Reward Ratio: 1:7, 1:9
The lose stop hunt is in case there is a fake break down to the 131.4 region followed by a rapid pump. A tighter stop with more lev can be placed at 132.25
Stoploss at 131.4 (0.95%) loss
Targets 141-144(7-9%)
Timeframe: 14-18 days
Risk Reward Ratio: 1:7, 1:9
The lose stop hunt is in case there is a fake break down to the 131.4 region followed by a rapid pump. A tighter stop with more lev can be placed at 132.25
Comment:
Meant to say lose stop
Comment:
132 rn. Good place to add with last place at 131.5. Below 131.4 idea invalidated
Comment:
Momentum seems to be strongly bearish still with out much bounce follow through so best to exit 1/2 the long and add lower. Bears still in control though so a hedge should strongly be considered 1/3 the size of your long to minimize losses.
Trade closed manually:
Better to close long for now since price has yet to bounce. A small short can also be considered since bearish momentum still in play