Trend continuation with double top
Price seeing nice intraday level being broken on 1H timeframe. We have a 1H double top with a break and retest from the neckline. Furthermore, the 4H has closed bearish, creating a bearish market structure below key levels.
Let's hope we see price continue down to the next key level with 1:3 RR. Look to move to BE or - 0.5R when price reaches 1:1 RR.
Simple trades like these which clearly suit my trading plan are the best way I build confidence. Whether I win or lose the trade, I know that I followed my rules and it's just another trade, result is irrelevant. Trust the process!
Let's hope we see price continue down to the next key level with 1:3 RR. Look to move to BE or - 0.5R when price reaches 1:1 RR.
Simple trades like these which clearly suit my trading plan are the best way I build confidence. Whether I win or lose the trade, I know that I followed my rules and it's just another trade, result is irrelevant. Trust the process!
Comment:
Unfortunate, will probably go down from here now that it has stopped me out, hahaha. Oh well... next trade.