Market manipulated first,
then did go impulsively lower,
visited premium area, with an impulsive move back downwards,
nicely filled IPA on the 1m.
Entered on a 1m bearish order block.
COURSE: SL HIT
possibly looking for a re-entry.
RE-ENTRY: TP at 82.65.
Note
correction: it should be a red rectangle, because it is premium area and not discount.Note
To clear things up: after a "wick-touch" on equilibrium, market reacted with bearishness, came one more time up into premium area, respecting this area and then selling off, also forming a bearish order block. This was reason enough for me to re-enter. I am aware that this trade on price action on a very low time frame, and that a lot of risk is involved. That's why I only took half of a percentage of risk.Note
SL of new trade also hit. Will stay away from the oil chart. Price is choppyTrade closed: target reached
After the market just went a little higher than my SL, market took off and hit my TP within 15m… Still glad that analysis was correctly done.
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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.