Price looks to be hitting key resistance on the 4H chart. It reacted nicely at the 4H Bearish Order Block. And then reacted nicely after tagging the next 1H OB.
Looking for a small pull back to capture 2R.
Note
Stopped out. There was some pretty nasty price action. In hindsight, a wider stop above the previous swing high would have been a good idea.
Note
Note
Price pulled back right into the golden pocket between the 62 - 79% fibs. I often get FOMO and try to catch a move too early and this is another example of that. Optimal Trade Entry would have given a safer entry and secured a tighter stop in this case.
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.