It is my personal idea. It was a long day of consolidation, to the point it was hard to find entry on 15m or 1h chart. On Daily and 4h, it seems like moving in a descending channel. However, it lacks a dominant moving period before entering the channel. So i don’t really expect a break in the future. After all, it was the market that stays true, not our analysises.
Upon looking further on 4h chart, I found an entry as the link I embeded. Considered, a hard down previous days, and a temporary trendline I connected with 4h peaks. It appeared to be a potential long for me. So I took the risk. Well it is 1:6 after all. So why not. Lol
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Daily
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15m, truly amess,right? Lol.
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Hmm, why didn’t I notice the arc sooner, then I could have more preferable entry. Ahhh, but the dice was casted. Hopefully not get busted, hehe.
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Hmm, first positive sight. Should I wait to see, hmm … nah, it would ruin my beautwie, lets just head to bed. I just lost abit if busted after all, muahaha
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Uwoa, almost busted. Lol. So, i closed my position partially 75%, lets the rest play out then
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It took longer than I expect, now is around when I opened my position yesterday, make it almost 24hours to play. So I decided to lastly close my 25% remaining position. Well, there is still not negative sight as price descended at a steady pace. But I dont like the time it took. So my decision taken. Hafe fun!
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So i made 75% at 600 prices different and 25% at 400 prices different. Not bad I think. But maybe, it struggle here as the broken point of H&S pattern on daily I saw some talked about it, i dont really trade H&S. But i deemed it complicated at this level, so I bailed. Hehe. No need to tackle here.