A page from my trading journal. Please take it with a grain of salt, as I’m still learning and growing 🌟
Overextended to top of rising channel, RSI divergence rising. Needs reversal bar confirmation (e.g. failed breakout + bear close).
This setup is solid if Tokyo fails to push higher or we get a micro double top. We want to catch the reversal from exhaustion, not momentum.
Bullish trend-line, so enter short with caution
Overextended to top of rising channel, RSI divergence rising. Needs reversal bar confirmation (e.g. failed breakout + bear close).
This setup is solid if Tokyo fails to push higher or we get a micro double top. We want to catch the reversal from exhaustion, not momentum.
Bullish trend-line, so enter short with caution
Trade active
- Clean bear signal bar formed between 91.80–92.00 zone- Confirmation bar closed below the signal bar’s low - a doji bar
- Rejected upper channel band and VWAP area
- No compression sideways – clear directional move
- Entry location ideal: entered layering 91.642-91.60
- Risk setup validated: SL above 92.40, TP1 at 91.00, TP2 at 90.50
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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.
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.