The chart outlines S/R levels I see. I have the trade entries, TP and stops as shown by the SHORT entry boxes.
OPTION 1 achievable
OPTION 2 doable
OPTION 3 Major shift in sentiment has occurred.
OPTION 1 achievable
OPTION 2 doable
OPTION 3 Major shift in sentiment has occurred.
Trade closed: stop reached:
50 EMA looks like it will now act as dynamic support. I don't like trading through EMA's. So we maybe seeing the sentiment shift on the lower timeframes and this will translate to possible LONG entries on the daily.
SO OVER ALL THE TRADE DIDN'T WORK OUT, EVERYONE CAN SEE THIS.
THE DIRECTION OF THE TRADE WAS CORRECT AND I WAS CLOSE TO GETTING THE SET UP CORRECT, SO I TAKE SOME POSITIVE AWAY FROM THIS ONE AS WELL AS THE LESSON OF PRACTICING WHERE MY LEVELS ARE PLACED:-
LOOKING AT WHAT THE CHARTS TELLING ME AND NOT LOOKING FOR A LEVEL THATS NOT THERE.