If we could retrace into 1260 it would be ideal. We're about to touch near term resistance at 1290, so expect some profit taking. This is what I'd consider "an obvious trade." Obvious trades tend to run away from ideal entries.
Note
From an "obvious long" to an obvious short. Some things just are never so obvious, are they?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.