3rd Feb - trading plan. T#3, T#4, 4hr
Updated
I've just opened a long. Plan is to reverse to a short at the red box with a target at the green box.
The short expects resistance from the long term descending trendline.
The ascending trendline has the potential to form a bump and run pattern.
The short expects resistance from the long term descending trendline.
The ascending trendline has the potential to form a bump and run pattern.
Note
Same problem as last trade - stop too close.Good plan but needed more breathing room with a stop of at least 800 below
or a lower entry - patience on entry.
I will post reasons for entering trades in future.
It's not obvious now why I went long here.
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