We are in a corrective channel now and looking for a break to the upside. A strong break of a 4 hr candle followed by a small correction and I will trade the break of the correction or flag. If price continues down the channel look for opportunities and bull signs in the PRZ.
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First break attempt failed and here are some reasons. Breaking your own trade rules usually comes back to bite you. I only had one lower time frame candle, my rules says wait for a minimum of 3. High RSI and Stochastic should have been a warning.
Discipline is one of the hardest things to master. When I took this trade a voice inside my head told me it may not be a good idea. Unfortunately the hopeium won the day.
Discipline is one of the hardest things to master. When I took this trade a voice inside my head told me it may not be a good idea. Unfortunately the hopeium won the day.
SL 1.54315
Target 1 1.5803
Target 2 1.62