Waiting to see a break and retest of the entry price rather than placing a buy stop order.
Here's the plan:
Watch for price to break above 160.250 with a decisive candle (preferably closing above this level)
Then wait for a pullback to retest this level as new support
Enter long when price shows rejection from the retest level (with a small bullish candle or rejection wick)
Place your stop loss at 159.900 immediately after entry
Here's the plan:
Watch for price to break above 160.250 with a decisive candle (preferably closing above this level)
Then wait for a pullback to retest this level as new support
Enter long when price shows rejection from the retest level (with a small bullish candle or rejection wick)
Place your stop loss at 159.900 immediately after entry
Order cancelled
not the Price Action I was looking for
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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.
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.