This are my levels on how i will be taking this trade.
-Enjoy brother.
-Enjoy brother.
Comment:
-Stop loss hit. This could have been a nice squeeze play trade. Will catch it next time well
-Stop loss hit. This could have been a nice squeeze play trade. Will catch it next time well
Comment:
As you can see, price dropped sharply and took out my stop loss.
-This is what is called a squeeze play. When price repeatedly tests a horizontal zone with each strike coming from a low high or higher low.
-What you realize is, the zone will eventually break.
-This is what is called a squeeze play. When price repeatedly tests a horizontal zone with each strike coming from a low high or higher low.
-What you realize is, the zone will eventually break.
3H chart.