I'm going to focus on a higher time frame swing trade here. We are currently in a bearish market structure with a clear lower low and lower high.
The 4 hour is printing a lower high so the expectations are that it makes a new lower low next. My guess is 22 before we eventually get back down to 21.4.
The 4 hour is printing a lower high so the expectations are that it makes a new lower low next. My guess is 22 before we eventually get back down to 21.4.
Trade aktif:
This is still an active trade. I'm manually closing this trade, so the stop will only trigger for me if there is a close above that point. That SFP is exactly why I didn't setup an automated stop on this one.
Trade aktif:
It's right on track. My current TP1 is 22.4 area.
Trading ditutup: stop tercapai:
I'm closing it here at breakeven. I don't trust this price action.