I entered a Short position with a tight Stop Loss, since we bounced back from the 4H Resistance (Sep 04, 2020). I'm keeping a close eye on the 1H uptrend line. If we break that one, I will add to my position.
Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations.
This is not financial advice, but meant for educational purposes.
As always, Do Your Own Research!
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Trade closed: stop reached
One spike triggered my Stop Loss. Looking back, I had put it too tight. Lesson learned. Looking for a next setup. Stay tuned :-)
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