Clean downtrend reached support.
We see a double bottom, the last one deeper that indicates stop are hit.
Another indicator there is a strong bullish engulfing candle.
I entered the trade after the engulfing candle.
TP: 2RR
management: set & forget
There is high impact AUD news at 3:30 pm but I still trade the setup based on the technicals not the fundamentals.
We see a double bottom, the last one deeper that indicates stop are hit.
Another indicator there is a strong bullish engulfing candle.
I entered the trade after the engulfing candle.
TP: 2RR
management: set & forget
There is high impact AUD news at 3:30 pm but I still trade the setup based on the technicals not the fundamentals.
Trade closed: stop reached
There was one deeper pinbar, can happen stop reached.Lesson learned next time news or not if there is a setup in the night. Wait for at least 2.30 pm to enter.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.