Disliked{quote} OK, first, trend was up. 2nd, your spreads are probably higher than mine which is why I see 3rd bar engulfing them all 3rd, 30M there is no setup. 4th, 15M, there is no setup. 5th 5M there is a setup, but TP is hit (its the only counter trend setup found) 6th, 1M same as #5 So what does that tell us? No setup on a lower time frame directly under it is a good indication of a short lived setup, almost like a false positive. 7th, your accumulation zones, how many where there prior? remember the Elliot Wave Theory image I drew in? Those green...Ignored
Yes, you have always screamed "setup within a setup". I'll pay attention to that next time. And you were right about the short-lived nature of that trade. I took it and booked few pips away from TP 1.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
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