This is a "counter-trend" strategy. We do not predict but instead anticipate exhaustion in price and trade accordingly.
Short @ 50.10; Stop: 20 ticks, Target: 60 ticks.
Long @ 48.45; Stop: 20 ticks, Target: 60 ticks.
Short @ 50.10; Stop: 20 ticks, Target: 60 ticks.
Long @ 48.45; Stop: 20 ticks, Target: 60 ticks.