Entered the consolidation trade when price broke H n S pattern.
You can also wait for a retest in a lower time frame, contact with 100 EMA or wait for a brake of a brief respite/consolidation in to enter the trade.
You can also wait for a retest in a lower time frame, contact with 100 EMA or wait for a brake of a brief respite/consolidation in to enter the trade.
Note
Options for (late) entry:Happened: Retest of previous support line of h&s pattern or rebound off of 100 EMA ( in 5 and 15 min chart)
Trade closed: stop reached
Note
Got greedy on thos one, should have stayed conservative
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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.
Related publications
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.