Watch And Wait
Equities are retracing as the sideways volatile range I suspected yesterday is starting to establish itself. I’m not particularly eager to participate here unless we see a bit more context and that won’t be before next week. As of right now I propose a watch and wait approach and to keep your powder dry for hunting season.
When the tape is starting to be more dense or is running all over the place I become even more selective with my entry requirements. As of right now I only have one measly chart to share. AUD/CHF which looks like a possible long here if it can hold those hourly NLSLs. However stop runs have been legion lately and therefore I’ve dropped my stop all the way below the spike low on the daily.
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