After the main pump to the resistance zone, price retraced down the minor Support and continued the uptrend.
I took the short position from a confluence zone and overextended the TP zone to the major Support which was a bad setup, ignoring that price was still in an uptrend making HH and HL. Which is why price reversed to our SL.
I took the short position from a confluence zone and overextended the TP zone to the major Support which was a bad setup, ignoring that price was still in an uptrend making HH and HL. Which is why price reversed to our SL.
Related publications
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.
Related publications
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.