This would be a counter trend play but we are reaching the top of the Daily Range High limit so it wouldn't be uncommon to see a pull back here at least.
We would then be looking at a 2:1 trade at best with a 15 pip stop. This is somewhat limiting as we'd like to give it more room topside, but were trapped with the average DRH below which may pause any down move.
Interesting one to watch.
Check out my blog
RuckSack.medium.com
We would then be looking at a 2:1 trade at best with a 15 pip stop. This is somewhat limiting as we'd like to give it more room topside, but were trapped with the average DRH below which may pause any down move.
Interesting one to watch.
Check out my blog
RuckSack.medium.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.