Waiting for a pullback into area of resistance where price broke through. If price action confirms downward move with volume, ill put on short.
We have broken out strongly from the strong bull (impulsive) market we have been in whilst making new highs daily. This could be a corrective or the start of a further move lower.
2 Positions: 1 TP at 1:1, Move 2nd to BE at 1:1 and let it ride, as this maybe the beginning of a larger corrective move
We have broken out strongly from the strong bull (impulsive) market we have been in whilst making new highs daily. This could be a corrective or the start of a further move lower.
2 Positions: 1 TP at 1:1, Move 2nd to BE at 1:1 and let it ride, as this maybe the beginning of a larger corrective move