On H4 price was retracing for a retest of the broke support at 1415
My idea:
The previous M30 dropped down to an M30 support for a retest but got a strong rejection from it and closed above support.
It made sense to try and buy on the next candle as price was pushing down to form a liquidity wick.
Once M30 closed bearish, the trade was automatically invalidated and i closed it for -20 pips.
My idea:
The previous M30 dropped down to an M30 support for a retest but got a strong rejection from it and closed above support.
It made sense to try and buy on the next candle as price was pushing down to form a liquidity wick.
Once M30 closed bearish, the trade was automatically invalidated and i closed it for -20 pips.
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