Today’s low 1658. My support was 16.60. I have scaled in longs here.
IMPORTANT: place your protective sell stops below to guarantee a worse case loss of no more than 5 $.
a trade below 1654 1/2 should be your safety parachute level.
Keep the the 5:1 risk reward or higher. Risk one unit to make 5: in this case, we’re risking 5 bucks to make 30.
CER