DislikedI don't think it is neccessarily wrong to be buying at this point. It all depends on the trader and the size of his account and the lot size of the trade. For instance.....a longer term trader might buy here looking for a TP of 100.00. 1600 pips more or less is the goal. If the price drops to 80.00, then it is a 400 pip drawdown for a 1600 pip gain, long term. The long term trader, in all likelyhood will add to his long at (say) 83, 82, 81 etc etc. It all depends on the stragegy of the trader and the size of his account.
I agree that some retail...Ignored
Thanks for your post!