Hey guys,
Im back with another tradingjournal of mine.
This one will be based on the 4hr chart. As we can see, there was a clear bullish trending market, where we had breakouts followed by retests to the previous zone. The trend reversed immediately at the $11600, because there is hidden supply overthere. If u watch closely, the price literally broke out of the EMA and turned around on 16/01/2023. That should ve been a clear indication for the retest to the EMA. The price even bounced off of the EMA and continued the trend again.
I actually was hella busy this week, and could not really capitalize on these market dynamics. I was able to place 4 trades, where one hit my SL, one was Breakeven and two of them were wins, but all in all, it was also a pretty blessed week.
I currently also have one trade running with a floating profit, so when the pre market opens on Sunday, we will bank on a small profit.
With all said, i still am full on bullish like i was, based on the marketstructure, but also mindful of constant market dynamics.
Im back with another tradingjournal of mine.
This one will be based on the 4hr chart. As we can see, there was a clear bullish trending market, where we had breakouts followed by retests to the previous zone. The trend reversed immediately at the $11600, because there is hidden supply overthere. If u watch closely, the price literally broke out of the EMA and turned around on 16/01/2023. That should ve been a clear indication for the retest to the EMA. The price even bounced off of the EMA and continued the trend again.
I actually was hella busy this week, and could not really capitalize on these market dynamics. I was able to place 4 trades, where one hit my SL, one was Breakeven and two of them were wins, but all in all, it was also a pretty blessed week.
I currently also have one trade running with a floating profit, so when the pre market opens on Sunday, we will bank on a small profit.
With all said, i still am full on bullish like i was, based on the marketstructure, but also mindful of constant market dynamics.
