The market has been breakout upside of the recent resistance and also trendline just to add the confluence to it. Now the price is retesting the resistance-support area, looking for long setup on lower time frame.
why it doesn't , i was thought like you but with different sl
ivan_nyoman
⋅
@Amirhossein.J, Hi, I use tight SL to get a better reward with my suitable risk management which was it hit on break even. Look at the market movement, it's still will going up as it didn't break to the downside of the market structure yet but left a wick. The possible reason why is because the market grabs the liquidity before the equal lows.
You did a great job already able to read the market structure and of course with your suitable risk management. Hope this helps.