Price Channel Sell

21 במאי 2020

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

25 במאי 2020

עסקה סגורה: הגיע לסטופ

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

25 במאי 2020

הערה

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 ... :(