Early in the morning, I posted a trade (Sell USOIL) in which we trargeted the LQ level which the market came closer to and didn't touch, which isn't a big deal.
As you can see on the chart, as I told my students during the LIVE TRADING SESSION they assisted, it's all about trade management.
On the screenshot on the left, we added another order at 50% lvl of the FVG, xhich the market respected at that moment before giving us a double bottom which is a sign to the change of the movement of the market.
For a safe closure of the trade, as you can see in the picture on the left, we waited for the market to break through the 5min LQ we have to close, and that's what exactly happened.
We'll wait for another trade to take later in the US session.
Follow for more!
As you can see on the chart, as I told my students during the LIVE TRADING SESSION they assisted, it's all about trade management.
On the screenshot on the left, we added another order at 50% lvl of the FVG, xhich the market respected at that moment before giving us a double bottom which is a sign to the change of the movement of the market.
For a safe closure of the trade, as you can see in the picture on the left, we waited for the market to break through the 5min LQ we have to close, and that's what exactly happened.
We'll wait for another trade to take later in the US session.
Follow for more!
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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.
Related publications
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.