- price had a nice reaction off of 4H demand. It tagged it and had a very fast rally away from it.
- then it reclaimed monthly open which acted as a major support zone before and should have acted as resistance on the way back up
- the failure of this support-resistance-flip in itself can be a strong entry trigger
- long target will be the first trouble area in form of the lowest 4H close before the break down
- then it reclaimed monthly open which acted as a major support zone before and should have acted as resistance on the way back up
- the failure of this support-resistance-flip in itself can be a strong entry trigger
- long target will be the first trouble area in form of the lowest 4H close before the break down
Trade closed: stop reached
Unfortunately I have been stopped out in less than one hour after entering. I think it was a good setup. Maybe my stop was a bit tight.Will watch this for the next couple of hours and might re-enter
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.