On daily possible formation of lower high if perfect market structure forms.
Took a very aggressive entry as almost all time frames are pointing up, nonetheless risk reward would be beautiful if it goes to form a lower low on HTF.
1hr printed a pinbar on resistance with 30m printing multiple wicks.
Will scalp 1 position based on 1hr to the next support.
Ideally the other position will be a scalp to swing.
Used much lesser risk than usual as i am guessing tops and there are not much candle confirms yet.
Took a very aggressive entry as almost all time frames are pointing up, nonetheless risk reward would be beautiful if it goes to form a lower low on HTF.
1hr printed a pinbar on resistance with 30m printing multiple wicks.
Will scalp 1 position based on 1hr to the next support.
Ideally the other position will be a scalp to swing.
Used much lesser risk than usual as i am guessing tops and there are not much candle confirms yet.
Trade active:
Recent 1hr price action shows up. I will let the trade play out since i have massively reduced my risk.
Trade closed: stop reached:
Manually closed it at breakeven
Comment:
Price couldn't even break past the minor zone with 3x 1hr candle. Saw the opportunity to close it at 0 loss and i took it.