Tell me W structures dont work 🙂
Place Stoploss below the structure, tight. Notice my first attempt gets hunted down. They were not fully ready to reverse. Be a little patient, watch the charts and minimize loss! Then all of a sudden, fast move down. Big red vector. That was my invite towards the trade. SL as we moved lower, was again below the first leg. Keeping my risk to the minimum, I knew we were due for a retrace as we have been dropping past week and even for the whole day. No news announcements to worry about.
Take the trade.
