So whether i was right to take this or not i dont know. I mean we're at a high going into a BRN but i saw what i saw so i trusted the tools and took it. i'm not looking for much on this.
Bear in mind i was looking at pattern and SD.
Saw a bullish flag whilst flipping the H4 charts.
Went down to M15 and saw the zones causing the flag and as i understand it the consumption of orders leading to the pattern.
When price reached bottom and drew a bullish engulfing i placed trade... spread phucked me a bit so entry looks dubious.
Used a small position, cashed some out and rest is BE+ despite chart showing below.
Targeting top of H4 rejection bar.
so.... stupid? Lucky?
This is not how i normally trade - i wanted to test principles of SD zones and patterns.
Bear in mind i was looking at pattern and SD.
Saw a bullish flag whilst flipping the H4 charts.
Went down to M15 and saw the zones causing the flag and as i understand it the consumption of orders leading to the pattern.
When price reached bottom and drew a bullish engulfing i placed trade... spread phucked me a bit so entry looks dubious.
Used a small position, cashed some out and rest is BE+ despite chart showing below.
Targeting top of H4 rejection bar.
so.... stupid? Lucky?
This is not how i normally trade - i wanted to test principles of SD zones and patterns.