I am already short on the 4HR, this is an opportunity I saw, the break of a wedge downward.
Trade stängt: Stopp nått:
At first to me this was a perfect setup. However upon losing I realise that this was not following the underlying trend as on the 4HR HH and HL were still being created as well as the MA's being crossed to the upside. Always follow the trend of higher timeframes.
The Trend Is Your Friend
The Trend Is Your Friend