WinLev Continuation: Double Bottom Pattern After Hitting .618
Re-taking this trade. Double Bottom Pattern + Higher Low Present on OTE Zone. Plus, Winlev pattern is not yet invalidated(just the stoploss that I set).
So, re-taking the trade and expect it to hit the original tp. Just tp 1 on opposite orderblock and tp2 on original target.
This is good because I'm re-entering on a lower price point. = Recoup initial loss + Higher Profits if tp 1 and tp 2 is taken.
Winlev
WINLEV + PULLBACK OTE OB Pattern: Failed.WELP.
SL HIT.
It got so close to TP point yesterday though.
Sad.
Anyway.
Reason trade failed?
1. Strong resistance
2. Too ambitious tp point?
3. I should have closed the trade once I saw price made a lower high and flipped to the downside.
4. Maybe I should have made the SL or even entry point a lot lower than the FVG? Current price just bounced from the FVG and it looks like a good re-entry point. I'll see what I can do.