Just be prepared for sideways moves, pullback or some kind of correction.
I have no idea how much this trend can continue to the upside, but I'm sure this will pause in near future; so I'm preparing myself for that.
This does not mean that I won't trade to the upside, if I see a trade setup for upside, I will definitely put order, but I will take profit ASAP.
I have no idea how much this trend can continue to the upside, but I'm sure this will pause in near future; so I'm preparing myself for that.
This does not mean that I won't trade to the upside, if I see a trade setup for upside, I will definitely put order, but I will take profit ASAP.
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1) keep going down to make a some kind of flat and reverse to upside to continue the overall larger trend
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2) or that move was the last impulse to the upside in its degree and price is going to correction phase in a higher degree.
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in both scenarios, you have to wait for a short opportunity based on your strategy, enter trade and take profit as soon as possible
These days market is going down aggressively. What are the most probable scenarios?