Will be looking to take a short at the demarcated daily supply or fine tune the entry on the H4
Trade closed: stop reached:
Stops reached for the first supply zone taken as on post trade analysis, there was a build up of orders on the H4 time frame where the trade was taken.
This skewed the risk reward ratio to less than 1 at the point of entry.
Lesson learnt: watch for a potential build up orders when the limit order is triggered.
This skewed the risk reward ratio to less than 1 at the point of entry.
Lesson learnt: watch for a potential build up orders when the limit order is triggered.