DislikedHere's the trade I took yesterday. There was a good 200 pips to the next support, but it stopped me out this morning my time, and not just from the crazy wide spread just after the market open. I reckon I took a decent entry for a basic PASR trade. The market has shown me different. Comments? {image}Ignored
Further to Mhons' comments, there is a confirmed swing low on the daily (Your Boss) so to me the instruction to the 4H (your worker) would be to go long. But be aware as Mhons mentioned this would be counter trend.
So maybe one could also wait until the downtrend is resumed before going short.
Pete