Is it gonnna form a double top or break & retest and shoot up?
These trading ideas are just a part of my journaling, tag along if you want to!
So for this trade, I know, it was a late entry, because I thought that the candle would close bullish (past the resistance). However, it rejected that level. Something to be reminded: always wait for the wait of the candle!
Now, my bias is still bullish. This because the trend is clearly trending upwards on the bigger picture. However, there is a strong level ahead! So let's see how it plays out. if it starts giving signals of bearish structure. Imma cut the loss!
D: Uptrending ..
4H: Start of a new immediate trend (uptrend) sequence of HH and HL ...
1H: There, it is actually in a range.
That being said! it's time to go and do some backtest on other pairs or even play some COD haha.
So for this trade, I know, it was a late entry, because I thought that the candle would close bullish (past the resistance). However, it rejected that level. Something to be reminded: always wait for the wait of the candle!
Now, my bias is still bullish. This because the trend is clearly trending upwards on the bigger picture. However, there is a strong level ahead! So let's see how it plays out. if it starts giving signals of bearish structure. Imma cut the loss!
D: Uptrending ..
4H: Start of a new immediate trend (uptrend) sequence of HH and HL ...
1H: There, it is actually in a range.
That being said! it's time to go and do some backtest on other pairs or even play some COD haha.
Comment:
Stops moved to breakeven!