this is longer term play expecting a new low. its not best entry so stop loss is 61.00 not too confident about the SL, but thats the best i can do for now.
this trade might go wrong as it is contrary to most signals u guys are watching but its pure price action. so it has a 50/50 probability but if goes as planned then it is very very high reward. begining of new chapter for 30-40 point drop.
here i move my stop to 57.00 and if it turns it will be a 1.5 point loss, so far 10 points in the bag but i am not playing for 10 points am i ??
looking for a new low, if it turns before making a new low then i will decide my exit. three things to look out for- a new low, a turn before a new low, and price @37.00