Nice little trade to start the day.
Bit early but entry on mid-FH marubozu that failed to push lower on high volume. Was hoping for a push up into LO which didn't happen. I liked the entry and felt the risk was good though, so I gave LO a chance to form a HL at the 50 which luckily happened to the pip.
Was looking to take it into the Asia highs but also saw a potential Shampoo (H+S) on M15 which made me think that there might be an attempt to sell the R1 (also prior level from longer TF charts). Gave it a chance on M1 to break then exited on the LH just above R1.
Bit early but entry on mid-FH marubozu that failed to push lower on high volume. Was hoping for a push up into LO which didn't happen. I liked the entry and felt the risk was good though, so I gave LO a chance to form a HL at the 50 which luckily happened to the pip.
Was looking to take it into the Asia highs but also saw a potential Shampoo (H+S) on M15 which made me think that there might be an attempt to sell the R1 (also prior level from longer TF charts). Gave it a chance on M1 to break then exited on the LH just above R1.