Position Management – Price Consolidation & FVG Support
In this video, we continue managing the position after taking our first partial. Price consolidates around the 50% retracement level before pushing lower to the 21,188.75 level, which aligns with the 9:33 AM fair value gap we identified earlier. We find support here, and at this point, we’re still hoping to see a continuation lower.
However, the inverse fair value gap only holds for a few more points before the price reverses against us. This ultimately takes us out of the position, but we still lock in a profit of $65 from the trade.
Trade Overview:
Price Action: Consolidation near 50%, then lower to 21,188.75 (9:33 AM fair value gap)
Support: Price found support at the fair value gap level before reversing
Exit: Stopped out with $65 profit as the inverse fair value gap failed to hold.
However, the inverse fair value gap only holds for a few more points before the price reverses against us. This ultimately takes us out of the position, but we still lock in a profit of $65 from the trade.
Trade Overview:
Price Action: Consolidation near 50%, then lower to 21,188.75 (9:33 AM fair value gap)
Support: Price found support at the fair value gap level before reversing
Exit: Stopped out with $65 profit as the inverse fair value gap failed to hold.
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Penafian
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Penerbitan berkaitan
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.