Currently market is trading in a mini downtrend, but price may start to create higher lows from 175.60, keeping S/L following ATR from (4H) candle around 9.30 open.
There's also a possibility for price to hit the lower lows around 172.00
There's also a possibility for price to hit the lower lows around 172.00
Trade closed: stop reached
Market hit S/L dealing a 1% loss to the account. Additional tariffs on China (possible) and Risk - aversion dominating markets. Will need to evaluate price action again. Back to the drawing board.
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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.