After such "out of average" moves, price still pulls back to averaged levels after a certain averaged time.
In this case, at least a touch in the 90s would be normal. But If we don't even get to 90 before continuation or reversal, potential, for me, is not "calculatable" (not enough occurrences in the past), and an adapting trailing stop is in this case much better for some strategies.
That is before any new attempts for continuation. Watching 1390s reaction and watching very attentively ANY reaches below 1375, then below 1367. Double bottoms are awaiting. Always have to adapt to the price's evolution.
Thinking about the million paths my first trade of the day could take. Morning coffee pondering
In this case, at least a touch in the 90s would be normal. But If we don't even get to 90 before continuation or reversal, potential, for me, is not "calculatable" (not enough occurrences in the past), and an adapting trailing stop is in this case much better for some strategies.
That is before any new attempts for continuation. Watching 1390s reaction and watching very attentively ANY reaches below 1375, then below 1367. Double bottoms are awaiting. Always have to adapt to the price's evolution.
Thinking about the million paths my first trade of the day could take. Morning coffee pondering
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
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