V formation held which was confirmed by the consolidation after wards. Just created a higher high that is now being rejected which means our test 1 is officially in progress. Chose to enter now as if the first test ends up being lower than this huge probe I would not get a good price to sell so selling now with a stop loss larger than id like but at least I will be able to scale out easier if it goes against me. After test 1 and test 2 (2nd test will most likely be lower than this test) we should definitely see a reach of the recent lows, if not, can always exit sooner
Commentaire:
No idea how to update the image but I am concerned about the mini demand area around 134.380. Stops have been moved down slightly to reduce overall risk but still in position!
Trade fermée manuellement:
Trade closed at risk reward of 1.4 as although I would like to chase the higher risk reward trades, I want to build my consistency of hitting between a 1:1 and 1:1.5 so that I can begin scaling in and using slightly larger positions. The mini demand also made me scared, and seeing profits made me greedy to just escape the trade which I should begin fixing but for now I just want consistency although I shall check back in on the trade in a few hours to do post-analysis to see what I did wrong and what I did right