hi risk reward 6 to 1. long on minor swing down, decided to catch the falling knife. may get cut because stop is not below market structure. if I stay alive, will adjust profit along median line and manage risk below structure along the way.
Trade active:
i was aggressive on this entry because I like the way price blew up from the recent consolidation. much more desirable to have stops below market structure for bettter protection.
Trade closed: stop reached:
sharp move lower. keep watching for now