I'm watching this setup very closely for a breakout. It might end up as a perfect example of being patient while waiting for the right conditions to enter a trade.
Note
Even after identifying a Morning Doji Star which is a great Buy signal, the price is still on a clear downtrend.Note
I wasn't patient enough. Entered way to early.Note
This trade has moved super slow. Moved my Stop to break even just in case it turns on me. Just playing it safe.Trade closed: stop reached
Note
Ended this trade with a 15 pip profit. I'm pleased with the results even though this could have been a much more profitable trade. Markets are slow, today is Friday and the markets close until Tuesday so overall I think this was a good job.
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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.