Invalidation = 15min candle close above level (black upper line)
Entry = hoping that the 15min candle spikes this dashed black line at 84k but still closes below the level
I can't put limit orders on the level because SL and invalidation are so close that the invalidation would cause a -R too big. That's why I hope for price to shoot above the level, hit my entry but still close below it, and if price would close above the level, thus invalidating the trade, my higher entry can make up for this.
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Red dashed line = SL
Black dashed line = entry
TP = 76k.5-ish level (black dashed line further down)
Red line: with a low like this (price not forming a structure at the lows but immediately going back up) I can't see price getting above the broken HL-structure, so SL should be somewhere above this HL-structure, so above the red line marking the top of the HL structure.
Lower black line: if we get an SFP at the upper black line, price closing below this level would probably mean a new short opening with SL now being the SFP.
Entry = hoping that the 15min candle spikes this dashed black line at 84k but still closes below the level
I can't put limit orders on the level because SL and invalidation are so close that the invalidation would cause a -R too big. That's why I hope for price to shoot above the level, hit my entry but still close below it, and if price would close above the level, thus invalidating the trade, my higher entry can make up for this.
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Red dashed line = SL
Black dashed line = entry
TP = 76k.5-ish level (black dashed line further down)
Red line: with a low like this (price not forming a structure at the lows but immediately going back up) I can't see price getting above the broken HL-structure, so SL should be somewhere above this HL-structure, so above the red line marking the top of the HL structure.
Lower black line: if we get an SFP at the upper black line, price closing below this level would probably mean a new short opening with SL now being the SFP.
Ordem cancelada
Price reached the lower black line first: if price would now come back up to my level, there's likely more strength to it, increasing the chance of price pushing up higher.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.