We got taken out on our previous WOO short idea and that is alright. RISK MANAGEMENT in risky aggressive trades is king.
As soon as we got taken out on the short trade, adapted to the market structure and scalped all the way to the top on the smaller time frame. Took a small short scalp back into our liquidity pool (yellow box)
Here is a quick overview of the ranges in which we are playing for the time being. The overall sentiment remains a bearish one within the current ranges.
From a general perspective pa should eventually go to the downside. Personally targeting the lower end of the range sitting around 0.12$
Clear invalidation above 0.1815$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
As soon as we got taken out on the short trade, adapted to the market structure and scalped all the way to the top on the smaller time frame. Took a small short scalp back into our liquidity pool (yellow box)
Here is a quick overview of the ranges in which we are playing for the time being. The overall sentiment remains a bearish one within the current ranges.
From a general perspective pa should eventually go to the downside. Personally targeting the lower end of the range sitting around 0.12$
Clear invalidation above 0.1815$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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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.