Everyone has their own trading strategies. I am basically a trend trader. I only trade in the direction of a trend on the daily charts. For FSPM, a close < 4.50 would to me signify the resumption of a down trend. A breakout above 6.00 would be a signal to go long. A breakout above the recent high would be super bullish. Until then, I am waiting for the price action to tell me what to do.
I am not an investor, day trader or short term momentum trader, so my trading ideas would not apply to everyone.
Plan you trade and trade your plan!
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