- waiting for the day candle of today to close;
- briefly, the market appeared on the long side, but unfortunately, the last 2 candles (upon this entry day) do not reflect strong bullish sentiments
- ending both last two candles (2nd of the previous too) possibly closed below the liquidity line of the last High (weeks earlier)
- this is my position trading regardless of the retracement until it reaches the order block labeled as the target in the image.
- briefly, the market appeared on the long side, but unfortunately, the last 2 candles (upon this entry day) do not reflect strong bullish sentiments
- ending both last two candles (2nd of the previous too) possibly closed below the liquidity line of the last High (weeks earlier)
- this is my position trading regardless of the retracement until it reaches the order block labeled as the target in the image.
Trade closed: stop reached
- SL was initiated - will need to wait until the todays candle closes, if the body candle closed above the last days HIGH, uptrend is in continuation
- if otherwise, SL was triggered due to small buffer between target price and Stoploss on my side, Which I hope to improve in the next trades.
- We will wait for the closing candle of the day (tonight in EST).
Note
My stop-loss was too tight; it was triggered, while the bias remained as I originally forecasted. Probably will even reach my original TP target.
You win some, you lose some. C'est la vie.
Note
My forecast was correct, and the TP did reached my target. nevermind, will try better next time.
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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.