We are currently at a weekly supply level again and are currently testing several lower time frame order blocks namely a small 5 min order block. Looking for a small 5 rr at least from this set up. This also leaves room for a double top formation and can change the overall market structure to bearish and as such we should look for more breaks of the current market structure normally you don't use order blocks in the opposite direction of the trend as the trend is your friend but the way the higher time frame is currently set up leads my bias to be more bearish than bullish
Trade chiuso: stop raggiunto:
This trade failed because i rushed and was impatient with my entry i tried to force an entry instead of waiting for a proper set up to enter on my bias is still bearish so once i wake up i will look at the charts and see where i can potentially enter the trade properly as it may take awhile before a set up forms...I must learn to exercise more patience in the market and not force a set up if there is none. Set ups on smaller timeframes must be made with more current orderblocks vs past orderblocks.