Missed the entry above but waited for UJ to retest the order block to get a late entry to the downtrend. I set my sell limit order at 111.010 because i believed prices will fill at least 50% of the OB before continuing bearish. Did not get tapped into this trade and price missed my entry by a few pips although analysis played out.
Stop Loss got triggered because I did not manage to see an OB to the left on the chart on the lower TF. Set my SL too close and got stopped out despite predicting the trend right.
UC broke out of consolidation around 1.21683 and continued bullish since 17 June 2021. Did not manage to catch the trade on the engulfing candle and decided to wait for another entry. After the 2nd BOS at 1.23479, entry was set at 1.23606 and set my SL right below the low of the bullish engulfing candle. Thought i spotted a Wyckoff distribution forming as well....
Prices have tested the resistance line I drew at 78.484 3 times but there was insufficient buying power to breakthrough. This has good indication that trends may reverse from bullish to bearish. I set an entry at 78.443 in anticipation that prices will retest the resistance line again. Set my SL right above the resistance line at 78.532 and my TP at 77.414. This...
