How would this trade be analysed?
Entry: Good
Feeling: Wasn't sure actually due to the fact the 1M TF can be quite scary as price movement are very quick
Exit: Closed manually for a small profit.
Feeling: The sudden buyers came in from the lower consolidation tells me to close early. Should I have hold on? 1M tf is too fast. my heart can't take it. I'll close for now. No more trades.
Post Analysis
Interestingly, a buy is still under way. That sell was just a pullback. So again, if we look at the story of the sellers. We can see that sellers are not strong compare to the more recent buyers. Green candles are longer and faster. However we can see that on the most recent price action for the buyers, they seems to be in a choppy state. Suggesting that buyers are weakening. And the sellers could come in soon.
This wasn't a good trade done as I did not read the story properly. Need more practice. Onto the next trade.
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