Usually, the market shows very high momentum after a bull trap. If that had been the case I would have probably wanted t sell a shallower retracement but since the momentum was not too high I am expecting a bearish range.
I hope that makes sense
Can i also say that you mostly take profit by setting target and not using a trailing stop like kijun-sen? I mean lets say your price entered your TP zone but then it retraced back to the kijun-sen but didt close below it and the kijun sen is quite far away from ur tp however it come back later and continue the trend... So what will you do?
No I don't do multiple TF analysis for trading because ichimoku already gives me that. I have to keep my trading decisions as simple and uncluttered with unnecessary information as possible.
I do analysis on multiple TF though when I want to understand the long term expectations for a pair. But this is not tradable.
As for taking profits, I usually don't completely leave a trade until the trade kicks me out but what I do at these target areas is take part of my profits and reload in the buying areas again. So I might always have at least 25% of my investment running.