Reason for Exit:
I got the bullish continuation that I wanted, however, after price on the 4H made a higher low (HL), which was a favorable bullish sign, candle bodies formed below that HL to create a lower low (LL)—signaling strong potential for a turnaround. This break of the uptrend structure on the 4H has created a bearish sign and it is why I have exited my trade for profit.
I hope this helps, onto the next trade!
I got the bullish continuation that I wanted, however, after price on the 4H made a higher low (HL), which was a favorable bullish sign, candle bodies formed below that HL to create a lower low (LL)—signaling strong potential for a turnaround. This break of the uptrend structure on the 4H has created a bearish sign and it is why I have exited my trade for profit.
I hope this helps, onto the next trade!
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.