I am looking for a false break reversal after no follow through of a bullish bar. I will enter on the close of the bear candle that takes out the high bull. Trend is bearish until 30,000
Trade closed: target reached
I was expecting a pullback but the market just dumped right at Asia Open. I took a pullback into resistance and entered in on the close of the Bear 180. Because the ATR was hovering around 230, I used a 285 tick stop (1.25X) I then proceeded to go for my reliable 2.5 risk to reward, which was 713 ticks. It took 3 hours before it hit my target. I felt like I executed this trade as flawlessly as I could. No errors were made that I can see.
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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.