I am short from the 116 level. My initial target is 112, my stop is 116.25.
The cross has been straight up since November. I believe the R/R favors a short position from these levels. That does not mean we will not see a new high, it means the probabilities favor a short position, IMO.
Trading is about making reasonable estimations, not certainties.
If you agree/disagree please leave a comment below.
The cross has been straight up since November. I believe the R/R favors a short position from these levels. That does not mean we will not see a new high, it means the probabilities favor a short position, IMO.
Trading is about making reasonable estimations, not certainties.
If you agree/disagree please leave a comment below.
Trade closed manually
I elected to close this trade for a b/e. I did not have a sufficient lead and I was not going to risk my stop being jumped if things get volatile during the Fed this afternoon. I have seen crazy things during Fed pressers. To me it is not worth the risk.
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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.