My last hypotheses turn out to work. Price ended up moving into my TP. Now what we have here is mostly most likely a pullback that is beginning to continue the down trend. Im going to bed but I have placed a trade anyways (paper money) even though I didn’t receive a signal yet, I’m sure that the market will move in my favor. Using the ATR indicator, I calculated the required stop loss. Now placing my takes profits, I’m ready to go to bed.
Cya, tomorrow guys. I hope my hypotheses turns out correct even though trading it now without a signal is pretty risky.
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