It also shows a nice breach below the S/R level (shaded) with the expected retrace since it blew thru the lower BB like it did. That will almost ALWAYS retrace... Always. The retrace could be either reversal or an intent to continue.
Since this is a strong downtrend waiting to resume imo, I read it as intent to continue and it'll cost me 40 something pips to find out. I'm reloading at 2930 btw as well, the first order was smaller as I honestly wasn't sure it would retrace all that high and wanted to get in, and on the 3m, it was stalling at the 910 level, and that was close enough for a first entry.
The 6m shows the upper BB at a'rd xx30 and so it's a quick matter to set the SL just above that and the DP in case of a DP retap and I'm in and good to go. Tight stop on the second entry at 30ish. Now we watch...
Anything above 2955 and my wife will have to buy dinner this weekend I guess.
Hope that's clear enough to sort out. I should add I'll lock at least 1 or 2 positive pips pretty quick after they go green just in case... This isn't exactly a Low risk trade, but it does have it's merits... that's trading.
Oh yeah... the 15m/20m 50ema has a nice ceiling at 2932 as well...
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FUBAR...