the 'OTF - one time frame' Break of the monthly is still due.
There was no chance for LONGS during the week for retail buyers, only late buyers.
We've traded 2 days just under resistance, accumulating:
- late LONGS
- early SHORTS
I'm willing to SHORT now on friday, once the OTF has been hit.
Scalling in from cwHigh upwards
Invalidation would be to keep pumping and then potentialy SFP on monday for downside.
R:R is alright! I like to give myself a 3% invalidation range till SL.
There was no chance for LONGS during the week for retail buyers, only late buyers.
We've traded 2 days just under resistance, accumulating:
- late LONGS
- early SHORTS
I'm willing to SHORT now on friday, once the OTF has been hit.
Scalling in from cwHigh upwards
Invalidation would be to keep pumping and then potentialy SFP on monday for downside.
R:R is alright! I like to give myself a 3% invalidation range till SL.
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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.