While I did like the impulsive buy, I personally did not take the trade due to the move happening at 7:45am, and I do not look at charts till 8am. The market did reach my sell zone but it is not in my trading rules to take sells at this time.
Bias is still to the upside, although I do see, understand, and recognize the bearish sentiment, and will adjust to the market based on my points of invalidation. Be cautious of the weekly whiplashy environment, being on the wrong or right side means nothing unless you protect your risk.
Bias is still to the upside, although I do see, understand, and recognize the bearish sentiment, and will adjust to the market based on my points of invalidation. Be cautious of the weekly whiplashy environment, being on the wrong or right side means nothing unless you protect your risk.
Comment:
I did leave off 1 zone for a buy, which is the one that it reacted from. Time for a markup in price