The move from the recent lower has not been very impulsive. Price is currently in the PRZ of the bearish Bat as well as right at the 1.618 extension of the first "wave" up. With a stop above the X point, I am going for this short which seems to offer an enticing risk:reward ratio. Ideak entry for me is 1235.3
I will look to move to breakeven after being up some pips. What do you think?
I will look to move to breakeven after being up some pips. What do you think?
Trade active
Got stopped out but re-entered a little higher but with new stop loss 1238.1 (Contract Price)
Note
Some extra comments on the chart
Trade closed manually
Closed the trade for a few pip gain, it regained the bullish channel and started printing some bigger candles. I will watch price action at the new Butterfly PRZ
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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.