Some conflicting thoughts initially hence risk control was not confident but this was not an impulsive trade
Reasoned through the trade and arrived at the 'right' logic
Traps can occur before extremes if the swings before had exhausted desperation (equal or lower highs and lows), showing a slowdown of momentum
Location was good
Flow and liquidity aligned
Reasoned through the trade and arrived at the 'right' logic
Traps can occur before extremes if the swings before had exhausted desperation (equal or lower highs and lows), showing a slowdown of momentum
Location was good
Flow and liquidity aligned
Trade closed: target reached
Note
The market action near the target and HTF read suggested further scope for target.But currently, I am focusing on the bread and butter 'next major move' trades.
Later on, I will study and optimize to squeeze out higher Rs via extended targets
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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.