price action

Why long?


Because it's fallen a lot already?

Not saying you're wrong but current trend is down, the rallies have been making lower highs so it may retrace, but how much?
 
Not bad advice as long as you enter with a limit or stop order to ensure the price has confirmed your assumption of a rebound versus a potential breakout. I've been known to straddle the trend line with an OCO and catch whichever reaction occurs.

I'm lazy and don't always stay glued to the screen... but I rarely trade against the current trend since I'm essentially scalping percentages of the ATR.

Dave
 
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