Small timeframe risk, big timeframe reward
Updated
I like 3880.75 as an entry but I was caught snoozing. Should I chase or just give up?
Let's compromise -- there's a demand level visible on the 5m timeframe that lines up with the untested open on the 2h. Short stop and room to run. I'm bullish after this long move down because of the demand level 3875-3885.
It's been touched one too many times to bet the farm on, but this is low enough risk to take.
Failing this entry, I'll be looking at ~3885, or way down at ~3836
Let's compromise -- there's a demand level visible on the 5m timeframe that lines up with the untested open on the 2h. Short stop and room to run. I'm bullish after this long move down because of the demand level 3875-3885.
It's been touched one too many times to bet the farm on, but this is low enough risk to take.
Failing this entry, I'll be looking at ~3885, or way down at ~3836
Trade closed: stop reached
No luck on this one, but that's why I kept the risk small. Will post again soon, as there are lower entries coming up that I likeNote
A looser stop would have easily met our target. Or, the entering at 3885 as referenced. We'll learn from this one
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