I decided to add a Set 1 and Set 2 into my analysis.
Feeling: Not confident
Update 1: Minutes after the entry. SL was hit by an increased in the spread. Looking to see if I can continue to sell here. Standing by
Update 2: Re-entered again for the sell. With higher SL
Update 3: The sell is moving in my favor. Feeling good. But looks choppy on the 3M. Watching this closely. I'm expecting price to cut through the support area as this Set2 completes
Update 4: After coming back from lunch, I see that price almost hit my target. But looks like there is an area that gave me problem. That bounce on the GWS there. however the sellers seems not done yet. Ive moved my SL to BE. Letting the price move further and see what I can get from this trade.
Update 5: SL hit. Post Analysis later to come after price matures further
Update 6: I decided to jump back on the sell seeing that the buyers still could not show a convincing buy.
Update 7: Closing this out for a small loss. I can see that on the 15M, the last 2 green candles looks strong in this price location. Moving on to next trade. Post analysis later
Post Analysis
Going back to the 3M, this trade was probably bad due to the fact that this pair was near the end of a down swing. Plus the trade was done in the Asian Session. London session kicks in and price wants to move another direction. There are 2 things I need to take note:
1. Have a larger SL,
2. Always look out for the closest area that will give problem in the trade direction. Exit first and re-evaluate again.
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