Hey all!
Well, another hit to the challenge haha. This was one of the first few trades taken for the challenge, however, the CADCHF trade is effectively acting as sort of a hedge to this position, so it's a matter of monitoring how that trade evolves.
Regarding this specific setup, originally I missed a few patterns that made this entry not so ideal, however, in the end, we did see an initial bearish rejection from the resistance that just didn't manage to have enough momentum for pushing this trade into profits. So, I'm comfortable flagging this trade as just another regular SL of the system.
Anyway, that's it for this update!
Well, another hit to the challenge haha. This was one of the first few trades taken for the challenge, however, the CADCHF trade is effectively acting as sort of a hedge to this position, so it's a matter of monitoring how that trade evolves.
Regarding this specific setup, originally I missed a few patterns that made this entry not so ideal, however, in the end, we did see an initial bearish rejection from the resistance that just didn't manage to have enough momentum for pushing this trade into profits. So, I'm comfortable flagging this trade as just another regular SL of the system.
Anyway, that's it for this update!
Related publications
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.
Related publications
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.