- Price hit a strong resistance level with multiple rejections, it was in an ascending triangle which is usually bullish but broke to the downside, there was also a cross over of the SMA's for a bearish indication.
- I set a sell limit as I wanted price to pass the previous low and trigger a sell, it went into drawdown but created a Lower High which is a good indication of a bearish market structure, Massive Doji rejection candle on 4hr just created too.
- Currently have a very ambitious TP of 420 pips at the top of a daily Descending triangle, SL above resistance and previous high.
- More of a longer-term trade, with a nice 1:3 RR, will be looking to see for price to create another Lower Low for bearish market confirmation.
- I set a sell limit as I wanted price to pass the previous low and trigger a sell, it went into drawdown but created a Lower High which is a good indication of a bearish market structure, Massive Doji rejection candle on 4hr just created too.
- Currently have a very ambitious TP of 420 pips at the top of a daily Descending triangle, SL above resistance and previous high.
- More of a longer-term trade, with a nice 1:3 RR, will be looking to see for price to create another Lower Low for bearish market confirmation.
Nota
Running 40 pips deep, Stop Loss to Breakeven - Lower Highs & Lower Lows forming, swinging this to Take ProfitDagangan aktif
Running 100 pips, I personally put sl to original place as I realised it was swinging rather high and low
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.