Let's try this.
Not a convincing setup though.
Invalidation = 15min candle close above red line
SL = red dashed line
Entry = black dashed line
Not a convincing setup though.
Invalidation = 15min candle close above red line
SL = red dashed line
Entry = black dashed line
Note
Invalidation is now also the new SL at $99791 Binance perps chart.Note
Invalidation is now $99124.2. It can easily hit it but the trade just isn't really there. This is a solid SL (15min SFP) but sometimes price goes back up once more and then falls down (or just pushes up). No luck for me then but this way the -R is acceptable given the weakness of the trade.
Note
23:49 UTC+1Price shortly got below the overall structure and is now creating a structure around the low of the overall structure.
I'm putting my SL break-even because: if price is going to break down, it shouldn't come back to my SL as this would mean that price got above the current created structure (the blue box) and I then think price will push up higher because it now has support from this structure.
If price however closes below this new structure, I think I'll open a new short with SL the current SL and the invalidation then the top of this blue box structure.
Trade closed: stop reached
BE stop reached but because I'm on Deribit but use the Binance perps chart as the main chart I got +0,08R as Binance hit my SL but Deribit didn't and I got out a little bit below the SL.
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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.