QuoteDislikedAs I'm sure you would have noticed.....the PA doesn't move in a straight line! However, EJ has moved all the way to S2 in almost a straight line since Tokyo open.....it has to pullback at some stage. You can trade those pullbacks if you want, but they are not high probability trades, so the risks are high. The trade might fly and it might not.....when counter trading, you pays your money and you takes your chances.....or, you wait for a high probability set up.
And yeah,you're right. It's not a high probability trade at all. Move it to BE because it turn out to be a pull back and 5M is pointing down right now. The market is indecisive now,let's wait for some clearer direction.Thank you for your reply,RJ