Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish but price had not yet reached EPD
Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and formed 2 bearish candles before entering.
Grade: Low-Quality Valid
What I could've done better:
- Waiting for the 1H to pullback into EPD as an extra layer of confirmation.
- Observing that price swept sell side liquidity of the range in London session which meant a breakout to the upside was more likely.
- Observed that the 5M and 1M timeframes were consolidating rather than shifting structure would've made me hesitant to execute which would've resulted in no execution as I had a strict rule for the day that if there's any doubt at entry, I should rather leave the setup alone.
- Not traded today given it was a GBP Bank holiday, which naturally means there's a lack of liquidity
Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and formed 2 bearish candles before entering.
Grade: Low-Quality Valid
What I could've done better:
- Waiting for the 1H to pullback into EPD as an extra layer of confirmation.
- Observing that price swept sell side liquidity of the range in London session which meant a breakout to the upside was more likely.
- Observed that the 5M and 1M timeframes were consolidating rather than shifting structure would've made me hesitant to execute which would've resulted in no execution as I had a strict rule for the day that if there's any doubt at entry, I should rather leave the setup alone.
- Not traded today given it was a GBP Bank holiday, which naturally means there's a lack of liquidity
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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.
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.