Currently looking for longs on $OCEAN
Scenario A
- retest breakout level and diag in yellow (618 fib) and invalid on a loss of diag and upper yellow
- target range eq for ~10% and target supply/resistance in red zone above and final target at range high
Scenario B
- we lose the diag and hold lower yellow area atop HTF demand (red line making this trade specifically invalid)
- same targets
Both scenarios could get front-ran, but I am not willing to enter a trade here as if it continues to push with shallow retracements I don't like the risk R/R and no clear invalidation.
Laddering my TP's 50% -> 40% -> 10% or something similar depending on PA at the time.
Scenario A
- retest breakout level and diag in yellow (618 fib) and invalid on a loss of diag and upper yellow
- target range eq for ~10% and target supply/resistance in red zone above and final target at range high
Scenario B
- we lose the diag and hold lower yellow area atop HTF demand (red line making this trade specifically invalid)
- same targets
Both scenarios could get front-ran, but I am not willing to enter a trade here as if it continues to push with shallow retracements I don't like the risk R/R and no clear invalidation.
Laddering my TP's 50% -> 40% -> 10% or something similar depending on PA at the time.
Comment:
front-ran my entry so no position - but target 2 was reached at resistance zone and now starting to retrace. As I said, if this front-ran my optimal entry area I would not take the position, I stand by my decision. It does suck to see my targets being hit though without a position lol
Comment:
TARGET 2 REACHED
Trade closed: target reached:
TARGET 3 REACHED
Vatsik