V formation, test, sell. But the thing is, I could have got a better entry of course. But more importantly, there is very little profit margin on this trade. I also reduced risk by taking a smaller lot size, duh. But what I'm mainly interested in is working on my READ & execution.
READ = Sellers territory 60/15. V formation, I like the V. Strong seller momentum, decent test. (I could have had a more precise entry with the test area) and the pullbacks look healthy, nothing threatning. Although I only did a quick glance and not a full 20-30 minute analysis. Looking to take it to recent low. ANd I'm out.
READ = Sellers territory 60/15. V formation, I like the V. Strong seller momentum, decent test. (I could have had a more precise entry with the test area) and the pullbacks look healthy, nothing threatning. Although I only did a quick glance and not a full 20-30 minute analysis. Looking to take it to recent low. ANd I'm out.
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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.