Long trading the correction of a long term move
Long term orderflow suggests a deep correction.
H4 time frame gives us a good perspective of swing setups.
Whit correction trading we always have to be alert and on our toes, because you never know for sure where will the market pivot. Probabilities are weaker, but some times the short and long term orderflow gives us a set up we just cant ignore
Entry at: 24388
SL at: 23990
Initial target at: 24795 (but we could see price get to the area of 25000
H4 time frame gives us a good perspective of swing setups.
Whit correction trading we always have to be alert and on our toes, because you never know for sure where will the market pivot. Probabilities are weaker, but some times the short and long term orderflow gives us a set up we just cant ignore
Entry at: 24388
SL at: 23990
Initial target at: 24795 (but we could see price get to the area of 25000
Trade active:
Target moved to stage 3 structure
Protective stop moved to BE+34
Protective stop moved to BE+34
Trade active:
Secured 73 points
Trade active:
Price reached 61.8%. Getting aggressive with trail stop, we must not forget we are still trading the correction.
SL set to 364+
SL set to 364+
Trade active:
Stop moved to 402+ points
Trade closed: stop reached:
Trail stop took us out.
Now time to wait for the setup to sell it back down.
Now time to wait for the setup to sell it back down.