DIRECTION?NO IDEA, BUT from WHERE & WHEN it starts:
-close the position.
- reopen the position:
BUY (far) ABOVE the VALUE
SELL (far) BELOW the injurious VALUE.
The lifetime of the level is up to severall days.
Christopher Vecchio is a currency analyst for DailyFX. With a background in political science and law, he focuses on the interrelationships between geopolitical events and macroeconomic trends.
CFA charterholder. Prop trader and market structure consultant with Bright Trading, specializing in pair trading, crutch trading, contrarian, technical, and algorithmic (HFT) trading. Views expressed here are for informational purposes only.