DislikedMay I ask you if this trade wasn't too risky?
There was PA (bullish Pin) before and she came from an area of PPA/S&R @120.60. Also my 4 hr closed above the 200 sma.Ignored
It takes a bit for price to reverse after this many swings down. even now with price haven broken that shelve there is no major up move yet . even a additional short scalp maybe at hand . This would be the one that may form our higher low.
Trading has so much to do with how we all see it differentlly. Some only see the bigger trades others the scalps . I am better at the scalps but the entries can be the same for both .
Like I said there is no wrong answer just how you may want to play the game.
Good Trading To All ; Ken Lee