Short EJ
Updated
Short EJ:
Reason: I felt that I identified a bearish bias-based off the 1hr and 4hr candles. We also wicked down and closed below 15min resistance.
Other timeframes: Bearish across all timeframes only issue is no wick on the 4hr and the 15min created a higher high but not a lower low.
Details: The 15min - 4hr timeframes were all bearish at the time of entering the trade. It should also be noted price was below the 200EMA on those timeframes as well (I'm seeing if this has any correlation to session directional bias)
Entry - 1.7777
Initial Stop - 122.788
Target - 122.488
Note
We had price retrace initially after opening the trade but we eventually flipped at London open and moved down.I moved the stop to breakeven and closed:
80% @+9.7
Price eventually returned to my entry and remaining:
20% @ breakeven.
Note
Video Breakdown:
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.