i was looking for longs following the Bat on the 4H timeframe. but the consoldidationbreakout i was looking for in my last gbpusd-post just didnt play out nicely enough. Now we have a Bat on the 5m timeframe that i will be tryin to use to get long, if we can press down there.
Kommentar:
stops be and orders canceled. the small bat has completed and i dont wanna reenter based on this now. target for my only position 4288.
Trade wurde manuell geschlossen:
stopped out for breakeven - which is fine by me. I didnt see the followthrough on the entry so we might retest the D point of the bat now or start moving into another range, in which i dont wanna get stuck in on a lowtimeframe trade. ofc the 4H bat is still valid and if i can fight new bullish signals i will take them, but for now, all flat.
Kommentar:
on the 5m we are seeing a break of downward consolidation and a doublebottom & shoulders, if we break the highs of the right shoulders i will looking to buy with spots below the rightshoulder or the doubletop.
Kommentar:
didnt get an break above instead it momentum-broke down, so this setup is terminated
however, if we get down there 1 more time im still looking to add the other positions as well. further i didnt do much with my 1 position. i wouldve neither made sense to take profits since im technically looking for a bigger more nor bringing the stops to BE if im looking to reenter right below my BE anyway.
so for now i think i let the 1 position run for my second target.
i will bring my stops to breakeven and remove the other orders if we hit the 618 retracment of AD move