As discussed in the previous idea.. we got the bearish set up and I ended up taking a short swing trade.
Entry 38990
TP 38945
SL 39015
Did not fully get to my tp but managed to get some partials and satisfied with us reaching a low at 38960. Similarly to yesterday...can't always get the full move but as long as we get partials and are on the right side of the market it does not matter.
Stopped out with stops at entry showing the importance of RISK MANAGEMENT
Will be looking to see how we trade going into the NY open.
Overall trading range remains the same until proven otherwise.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Entry 38990
TP 38945
SL 39015
Did not fully get to my tp but managed to get some partials and satisfied with us reaching a low at 38960. Similarly to yesterday...can't always get the full move but as long as we get partials and are on the right side of the market it does not matter.
Stopped out with stops at entry showing the importance of RISK MANAGEMENT
Will be looking to see how we trade going into the NY open.
Overall trading range remains the same until proven otherwise.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
