NJ 4Hr Trade
Entered Short (a bit late). Noticed in the past that this pair goes in a sideways range for a few days before forming any new structure, so I had no worries of price running away and leaving me.
Price corrected Shallow and formed a Bearish Rotation at 23.6% so my TP set after the 161.8%.
Leaving SL in it's place for this trade. I entered a trade on this pair recently and was taken out at BE. (@ 79.500). If i hadn't done that I'd be still in this trade at even better RR. So not moving SL to BE this time.
Entered Short (a bit late). Noticed in the past that this pair goes in a sideways range for a few days before forming any new structure, so I had no worries of price running away and leaving me.
Price corrected Shallow and formed a Bearish Rotation at 23.6% so my TP set after the 161.8%.
Leaving SL in it's place for this trade. I entered a trade on this pair recently and was taken out at BE. (@ 79.500). If i hadn't done that I'd be still in this trade at even better RR. So not moving SL to BE this time.
Play the hand you were dealt.