Pending market order with daily chart view, wait for breakout confirmation before entering pending sell limit
2 orders, daily chart, strong reversal below weekly fibo & break of key previous support level, bearish view, waiting for confirmation to enter on pullback
Linked ideas :
2 orders, daily chart, strong reversal below weekly fibo & break of key previous support level, bearish view, waiting for confirmation to enter on pullback
Linked ideas :
Note
Mistake:- Should have waited for daily candle to close below daily key level at 1.23965 before pullback since you have identified a key support level and NOT a confirmation break below your entry instead because it could just bounce and rally higher at the key support level
- Sell limit is not yet valid UNTIL the break below the key daily support at 1.23965
- Could spike to nearest 61.8% extension as well
- Will try an entry on both setups again if it is valid
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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.