(Extension of previous trade)
- Back in, still short term bearish on total market as price is very over extended and beginning to lose momentum. We had another 1 hour candle here to engulf the previous fake out therefore invalidating the previous fake out since it got rejected and held to the downside
* Using this trade as a short term hedge to my other long position
- Back in, still short term bearish on total market as price is very over extended and beginning to lose momentum. We had another 1 hour candle here to engulf the previous fake out therefore invalidating the previous fake out since it got rejected and held to the downside
* Using this trade as a short term hedge to my other long position
Note
pulled half of position in profitTrade closed manually
Closed final portion in profit. 4H going to hold a nice support, market could reverse to start next 4H candle. Price already near tp, reward no longer matches risk
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.