High probability "Reversion to the mean" trade. As long at the pivot holds there is an 80% chance that the price will return to the median line. This is a solid trade. Almost 1:2 Risk : Reward.
Entry: .003322 Stops: .0025910 Target: .004639 (the longer this takes to play out the higher the target)
Never Trust. Verify. D.Y.O.R. Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
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I guess on one likes high probability trades when they are only 40% gains?? haha
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Trade closed at 54% profit.
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Look how well this pitchfork is framing the market... A bounce here anyone?
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