Lower Low on the way

27 feb 2023

I'm going to focus on a higher time frame swing trade here. We are currently in a bearish market structure with a clear lower low and lower high.

The 4 hour is printing a lower high so the expectations are that it makes a new lower low next. My guess is 22 before we eventually get back down to 21.4.

27 feb 2023

Trade attivo

This is still an active trade. I'm manually closing this trade, so the stop will only trigger for me if there is a close above that point. That SFP is exactly why I didn't setup an automated stop on this one.

28 feb 2023

Trade attivo

It's right on track. My current TP1 is 22.4 area.

2 mar 2023

Trade chiuso: stop raggiunto

I'm closing it here at breakeven. I don't trust this price action.