On today's monitoring session, I noticed some bearish signals so I moved the SL to further protect the profits. As always, find below some notes from the journal... Enjoy!:D
I noticed some price action signals of bearish presence at a minor daily area of interest. Mainly, an H4 bar that had a long upper wick on a bearish bar with a lack of bullish continuation. After evaluating the market on H1, this could either be a normal retest of the H1 bullish trendline or signs of a breakdown. Because of this, I decided to move the SL around 2ATR below the last low on the H1 chart.