Going by weeks, it has been more than 10 consecutive weeks of down week.
I.e each week, lower highs has been registered. I do not foresee how trend will be turning at this point of time, so I will be playing dumb and looking to short on f6 of the most recent flow. My stop will be placed above previous week high.
I am prepared to ride it should it breach previous week's low.
As for RRR , i have set a hard stop much higher because the position size is smaller than my usual size and I am willing to add on should it move furthur up.
This is just a very primitive play on current USD strong trend.
I.e each week, lower highs has been registered. I do not foresee how trend will be turning at this point of time, so I will be playing dumb and looking to short on f6 of the most recent flow. My stop will be placed above previous week high.
I am prepared to ride it should it breach previous week's low.
As for RRR , i have set a hard stop much higher because the position size is smaller than my usual size and I am willing to add on should it move furthur up.
This is just a very primitive play on current USD strong trend.