Gj closed below zone on the 30mins where I expected a rtracement to 189.05 and wanted to see additional confirmation that it will push down like a BOS on the smaller timeframe.
Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will carry on going down. This confirmed at 2.45pm uk time.
I then entered sells @189.00 with sl@189.33 (risking 33pips).
TP1: 188.33. TP2: 188.05
* Where has the market moved since I entered my trade? PROFITS
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Confident
* What do I like about this trade ? Multiple confluences and good entry
* What do I dis-like about this trade now? taking its time
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ?No
Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will carry on going down. This confirmed at 2.45pm uk time.
I then entered sells @189.00 with sl@189.33 (risking 33pips).
TP1: 188.33. TP2: 188.05
* Where has the market moved since I entered my trade? PROFITS
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Confident
* What do I like about this trade ? Multiple confluences and good entry
* What do I dis-like about this trade now? taking its time
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ?No