I have several resistance confluence , double fib confluence of f6 2 weeks high resistance , a h1 channel and potential hns right shoulder with potential divergence. I want to monitor how price will react at this confluence and I will be looking for a good bull trap to trigger my short
unfortunately, i hv not been able to action on this trade as price did not move to the circled zone for it to setup the bull trap that i wanted. Maybe I did miss a good trade, but I could also have been fcuked up by a n inferior short level. Still waiting, maybe it will not come. No worries, I must learn to walk away from poorer setups.
nakedchartist
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I am saved by not taking the trade when it did not reach the sweet zone that I required.