I took a buy before a confirmation of a H4 close on my previous entry and that was a violation of my trading rules so I made sure to wait for a confirmed H4 close before I could take a re-entry on the same setup as I had originally planned.
The idea is:
Price dropped down to support at 136.400 but never broke below it so there Might be a potential for an upside.
Entry was after a verified H1 bullish close which reinforced the support at 136.400 and my setup.
One candle doesn't verify a shift in direction by this I mean the bearish H4 close doesn't stop the fact that price was pushing up for the previous 2 days and a major support was hit @ 136.000.
Goal is to see price push up to 137.500 if 137.200 breaks.
The idea is:
Price dropped down to support at 136.400 but never broke below it so there Might be a potential for an upside.
Entry was after a verified H1 bullish close which reinforced the support at 136.400 and my setup.
One candle doesn't verify a shift in direction by this I mean the bearish H4 close doesn't stop the fact that price was pushing up for the previous 2 days and a major support was hit @ 136.000.
Goal is to see price push up to 137.500 if 137.200 breaks.
Trade closed manually:
Closed the trade, my entry was shit, re-entered at 136.530 and SL @ 136.33 with TP at 137.500
