Re-taking this trade. Double Bottom Pattern + Higher Low Present on OTE Zone. Plus, Winlev pattern is not yet invalidated(just the stoploss that I set).
So, re-taking the trade and expect it to hit the original tp. Just tp 1 on opposite orderblock and tp2 on original target.
This is good because I'm re-entering on a lower price point. = Recoup initial loss +...
WELP.
SL HIT.
It got so close to TP point yesterday though.
Sad.
Anyway.
Reason trade failed?
1. Strong resistance
2. Too ambitious tp point?
3. I should have closed the trade once I saw price made a lower high and flipped to the downside.
4. Maybe I should have made the SL or even entry point a lot lower than the FVG? Current price just bounced from the FVG...
At this point it's just called WinLev and MaxLev Patterns lol.
Bullish = WinLev
Bearish = MaxLev
I was away from charting for a few days, so I didn't see this forming.
Well, there's that.
There will always be new opportunities for trading.
