"Personal Journal"
Reasons: Seller trend on 1h charts, waited for a pullback, the first pullback already got rejected on resistance.
We then get another pullback that showed a double top and a drop, followed by what seems to me like the final buyers try (got this try because of News an hour ago). Got in after a big "Pinbar" on my precision timeframe (15m).
Feeling a bit worried because that resistance have been challenged 3 times already, may be a signal of sellers getting weak so I consider this as an aggressive entry.
Reasons: Seller trend on 1h charts, waited for a pullback, the first pullback already got rejected on resistance.
We then get another pullback that showed a double top and a drop, followed by what seems to me like the final buyers try (got this try because of News an hour ago). Got in after a big "Pinbar" on my precision timeframe (15m).
Feeling a bit worried because that resistance have been challenged 3 times already, may be a signal of sellers getting weak so I consider this as an aggressive entry.
Note
Moved stops to 1 ATR + spread above last swing up.New stop loss: 1.75113
Trade closed: target reached
Target reached with 1.77R profits.
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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.