I will be placing a sell stop at the low -0.3 of this 30min candle, once it closes. Even if it is temporarily slow, 30m volatility is still growing and we have got a nice reversal failure to exploit, Stop-loss above the high of that 1H.
Noting, as long as it is > 0883, probability of the ranging pressure to bring it back > 0910 is high enough and yet the recent new low price AND rejection, WITH volatility, are enough to keep many away from buying or selling... This is a blind spot and I believe that many the smarter traders are probably not buying and selling like me . But I have to follow my rules and adapting rules, and react to price's movement accordingly, no matter how foolish it appears.
Noting, as long as it is > 0883, probability of the ranging pressure to bring it back > 0910 is high enough and yet the recent new low price AND rejection, WITH volatility, are enough to keep many away from buying or selling... This is a blind spot and I believe that many the smarter traders are probably not buying and selling like me . But I have to follow my rules and adapting rules, and react to price's movement accordingly, no matter how foolish it appears.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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