So When I saw this first thing I looked at on the hour time frame, I saw Market structure break, so Im looking for a sell. I drew my fibs and it respected under my sell zone of .382 however. the candle continued going up so I waited. once out of my fib levels I drew my Price Channel to trap price and it respected my top zone as well as the High making the Diagonal resistance a lower high. So I went in for the sell. two Tps one to my 50% which is the middle and matches the body of the main candle and the other TP to the bottom of my Channel I like this call now lets wait and see
Trade closed: stop reached:
So O lost this trade. me looking at it I am assuming My price channel wasnt the way to go and I should of used my fib extenstion levels for the SL the wick put me out
Comment:
Wait! checking my account and signal chat. We didn't lose this trade 25 pips into profit We moved SL into profit. I got stomped out at +5pips so that's Still a win to me! However, some people who did not move into a risk-free trade did hit SL. so now that's a Lose to me ... :(