Reason of holding for Long GBPUSD on 8 Sep 20.
There are 2 demand zones that i identify on H1. one is above ard 1.3055 and the other below ard 1.3030.
First entry was overrun by sellers and it went straight to my 2nd zone of demand. (kind of unexpected)
SL for this trade was set to be 1.3015 as this zone is a hourly zone that have high potential for retracement.
Therefore, this case the SL bar was extended more than 20% for a short span of time.
Apologise to those who had set equity SL.
First entry was overrun by sellers and it went straight to my 2nd zone of demand. (kind of unexpected)
SL for this trade was set to be 1.3015 as this zone is a hourly zone that have high potential for retracement.
Therefore, this case the SL bar was extended more than 20% for a short span of time.
Apologise to those who had set equity SL.
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.