As usual 3 confirmations 1.H1 and H4 above Moving Average 2. Broke and closed H4 Candle Above the Zone 3 Had A Nice Bullish movement So momentum should hold
Great call. Thank you for sharing your idea with the community.
Appreciate the clean chart and the accompanying description. Good example.
pacificm9
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id recommend you leaving that trade as fast as you can.
EdmundAwaseb
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@LightingTrue, why is that ?
pacificm9
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@EdmundAwaseb, that's just my opinion, id never make a stop loss that way.
EdmundAwaseb
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@LightingTrue, is the stoploss the problem or the analysis , i am open to advice. where would you place your stop loss ?
pacificm9
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@EdmundAwaseb, the first mistake is starting the trade too late. the way you executed the trade can go wrong. Price is unpredictebly and can make a slighty big retracement before going up.
Here's how id execute the trade.
prnt.sc/11fx0pq
pacificm9
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@LightingTrue, wish you the best of luck for your trading career.
pacificm9
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@EdmundAwaseb, I'm not saying that the direction ur set is wrong, just something i wouldn't do.
EdmundAwaseb
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@LightingTrue, oh i saw that late actually but i am hoping it continues up , thats why i made the stop loss tight but if it drops then i will just find another entry .
pacificm9
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@EdmundAwaseb, Do what you think it's the best, but avoid making more of these. Don't rely on "hope" leave the emotions aside. Focus on your strategy and you will succeed.
Appreciate the clean chart and the accompanying description. Good example.