Explanation of past idea

14 במאי 2020

The reason I was going long was because it hit a higher time order block and I was expecting to bounce off my personal entry fib levels but it failed to do that instead it swept the recent swing low and all the liquidity resting below it before making it’s big move back up. This is why it is important to not set your stop loss too tight because in my case I was a couple pips away from getting stopped out.