We have returned to an area of support, previously resistance. Also, this could possibly be a re-test of a demand zone. And Stochastic (34, 3, 3) is oversold.
I am trading this with a tight stop. I need to see the support hold. If not, then I'm out and will look to re-enter when a firmer foothold has been established.
Remember, we never know how any one trade will turn out! All we can do is follow the rules of our trading plan.
I am trading this with a tight stop. I need to see the support hold. If not, then I'm out and will look to re-enter when a firmer foothold has been established.
Remember, we never know how any one trade will turn out! All we can do is follow the rules of our trading plan.