Price seeing nice intraday level being broken on 1H timeframe. We have a 1H double top with a break and retest from the neckline. Furthermore, the 4H has closed bearish, creating a bearish market structure below key levels.
Let's hope we see price continue down to the next key level with 1:3 RR. Look to move to BE or - 0.5R when price reaches 1:1 RR.
Simple trades like these which clearly suit my trading plan are the best way I build confidence. Whether I win or lose the trade, I know that I followed my rules and it's just another trade, result is irrelevant. Trust the process!
Let's hope we see price continue down to the next key level with 1:3 RR. Look to move to BE or - 0.5R when price reaches 1:1 RR.
Simple trades like these which clearly suit my trading plan are the best way I build confidence. Whether I win or lose the trade, I know that I followed my rules and it's just another trade, result is irrelevant. Trust the process!
Note
Unfortunate, will probably go down from here now that it has stopped me out, hahaha. Oh well... next trade.
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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.