Added bollinger bands as an additional entry filter. On the 4 hour chart we have a correction with a bearish wave 3 move. We hit the .5 fibs retracement area and it seems like the right time. SL is 91 pips away at the break of the 1st wave from a previous correction. Entered my trade on the 15mins point as price sat on the lower bollinger band.
Good luck to me
Good luck to me
Trade closed: stop reached:
Damn so close to my TP before price rebounded. Lucky I moved my SL to be 10pips in profit! I need to improve my exit strategy.
Overall I'm happy with this trade despite leaving so many pips on the table
Overall I'm happy with this trade despite leaving so many pips on the table