bank failed! lesson learned: 1. should wait for confirmation 2. shouldn't go against trend
galnag_bull
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#priceaction
here is my take on $BANK price action on higher timeframe it is currently bearish, but it doesn't mean we cannot take profit from it. In a lower timeframe like 15 minutes, we can see that the price is consolidating on triangle pattern and might go lower, but looking back, it happened before where it creates the same patrern, and make a slight higher high before going down once more. so for this setup i aim for the previous high, before experiencing rejection, with stop loss placed right after the previous low.
feel free to discuss it here, maybe i am missing something.
here's my take on $KITE , in 4H TF it shows market structure shift, we can expect the price to go higher. i am trying to set limit on fib 0.786 or on extreme order block depending on the type of pullbacks.
here is my take on $BANK price action on higher timeframe it is currently bearish, but it doesn't mean we cannot take profit from it. In a lower timeframe like 15 minutes, we can see that the price is consolidating on triangle pattern and might go lower, but looking back, it happened before where it creates the same patrern, and make a slight higher high before going down once more. so for this setup i aim for the previous high, before experiencing rejection, with stop loss placed right after the previous low.
feel free to discuss it here, maybe i am missing something.