Idea to journal trades via TradingView
Only two confluences on this trade - Not the best - small position size entered.
Multiple rejections of the 78.6% Fib on 4H time frame (stronger bias of confirmation) and previous market structure.
Looks like a break and retest of the range has potentially occurred too. So could be 3 confluences
Will enter another position if the a break and close below the 4H RSP occurs. Fib on pullback to look for areas of interest.
If trend does not change to bearish, I will look for long opportunities, as and when price action forms
Only two confluences on this trade - Not the best - small position size entered.
Multiple rejections of the 78.6% Fib on 4H time frame (stronger bias of confirmation) and previous market structure.
Looks like a break and retest of the range has potentially occurred too. So could be 3 confluences
Will enter another position if the a break and close below the 4H RSP occurs. Fib on pullback to look for areas of interest.
If trend does not change to bearish, I will look for long opportunities, as and when price action forms
Trade closed: stop reached:
Stopped out. 1.84% loss
Comment:
Will look for shorts upon the close below the 4H RSP and on pullback