The situation with China and now Mexico tariffs will be drawn out, there may be two rate cuts but the Fed will wait for the data to support it, meantime we will see more volatility.
I may look to flip the trade if there is very clear resistance at the cloud and .786 fib.
I may look to flip the trade if there is very clear resistance at the cloud and .786 fib.
Trade chiuso: obiettivo raggiunto:
Looks like the kind of momentum you see in a short squeeze. possible Edge to edge move and back to ~$186
Best to use a trailing stop
Best to use a trailing stop