We saw a lot of price movement today, depending on where you placed your trades you were either very happy or very sad with your new P/L. Keep in mind its always best to trade with the trend and even better if you find some momentum in the direction of that trend. On the daily chart we can see price has been going sideways since 2018. we are currently at a high and price just smashed through the MA ribbon. Looking at the 4 hour chart we have a relatively good entry, in my experiance one of two things will happen. Price will either continue further with that same force for a short time or it will whipsaw, retest the old support level for resistance then slowly continue with the new trend. Im placing my entry at 1.98755, Stop at 2.00326 Target at 1.94679
What are your thoughts?
