Another candidate but beeing on h4 makes it unreliable. In case of move up test of 111 gap/tl could be seen. In case of a downside continuation of a MMY I suppose
The first drawing is widening formation most o the time it will contribute to a SL hardest to trade. But there is several thing can be taken in to a consideration on a intrday hit and run type of trading IMHO first take trade in the direction of a previous days move secondly get a hell out if its nearly at the days range and has formed V type formation you could of been ok in the first scenario.
In the second case 18.4 at the beginning of the day again with profit taking at nearly days range and forming a V bottom in direction of a previous days move would of triggered a second trade if you have balls for it.
In any case you need to outline rules for your trading system or plan for the day by taking in to consideration picture beeping painted by the market and if you get stopped out its just fine no need to be afraid of the stops as long as statistical advantage is on your side you will bit the bastard. There are many tips and Technics explained in Igroks book and his posts just keep on re reading and apply it to the market your eyes will open one day.
In the second case 18.4 at the beginning of the day again with profit taking at nearly days range and forming a V bottom in direction of a previous days move would of triggered a second trade if you have balls for it.
Ignored
Interesting, I didn't recognize that situation on 02.10.2019 as early morning #18.4. Thanks.
