Not a great RR but high probability trade IMHO, with the potential to go into higher liquidity zone. Quick buck with optionality.
Trade active
El Longo. Triple Witching, stay safe out there.Note
This one will be violent.Note
I'd TP here or best case at 0.6 and wait for a retest of near bottom liquidity. Fed up today, risk of whipsaw. For full disclosure, on high probability trades I do leverage large occasionally so TP a few hundred pips is enough for me.Trade closed: target reached
0.59840 reached, I am out. Think we will go a lot higher over the coming weeks but rather re-enter.Note
Preparing to reload. Patience.Note
I like this level and reloaded on the retrace post Fed. Potential path from here, timing I think into December or mid end Nov (leading up to Fed). We could stop before 70 but RR is solid either way. IF we go the other direction, it will be fairly harsh.Trade active
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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.