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meister_keith
Jul 21, 2019 2:54 PM

Weekly wick fill Short

U.S. Dollar/Swiss FrancFXCM

Description

1st trade:
Price pushed up into a H1 support now resistance for a retest to push down on the weekly.
The first h4 candle closed below resistance @0.98860 then a new H4 candle opened and pushed up but then started pulling back in so i sold with my SL above the H4 wick.
I had to close this trade once i saw the candles weren't forming like i'd like to see. Took a small loss on this one.

2nd trade:
H4 pushed up into a supply zone and a retest level on the daily for a bearish week candle formation.
I waited for H4 to close for confirmation then got in on the second candle as it pulled up for a liquidity wick.
The trade went smoothly for a while before price pulled back up almost close to my Breakeven level.
As price pulled back down i was certain that price would continue dropping but then H4 closed strongly bullish and the next candle showed signs of momentum so i decided to manually close my trade for a profit than get stopped out for being greedy.

Trade closed manually

Comments
yehfx
focus on daily closure. patience.
meister_keith
@yehfx, It always boils down to patience. At the time USD was gaining a lot of Bullish pressure and Gold bearish so it made sense to close my trade in a profit before it went bearish.
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