DislikedJarroo,
Can you explain if i did something wrong here? I went long at the HCR after the bar that broke through and closed above.
On H1 TF we can see price never hit the daily targets if we went long at the retest of the HCR (it hit the targets before the hit of the HCR).
The only reasons for me that this trade was more risky, is because the levels were already tested in the past, agree with that?Ignored
Is the bar you traded from telling you that the market wanted to move higher?
I see one bullish candle after a strong reversal from a double top. What is your contingency plan for when price moves lower? Is your stop below the weekly swing low? If not what is the technical significance of your stop loss placement?
These are some of the questions I ask myself before entering a trade.