Price mad a very strong impulse up but it was an unhealthy bullish run. I decided to take half risk on this trade as price broke the low of the 4H. Stop loss in placed on the previous high of the 4H. TP will be at the bottom of the range. Very risky sells as market structure is bullish. will be breakeven once i secure 40 pips.
Trade closed: stop reached:
Price faked out below the range and closed back into the range. it honestly was not a good idea to hold on to the trade due to circumstances but i did hold and took a 1% loss. It is what it is, i will have to review this trade and focus on my psychology coming into the next trade. Price was in a bullish market strcuture and i am now 2% down. Will limit myself to take high probability trades. Hopefully my GJ trade hits TP and recover out loss. We will see.