Trade taken this afternoon on GBP/USD.
Entry taken on 1m and most analysis done on the 5m.
Entry taken from 1m Order block after a break out of Asian range and a test off a 15m FVG.
Price broke through a strong 5m low, so stops moved to BE, price returned back to the Order block and stopped me out.
After hitting my stop, Price rallied down.
Break even (BE) is better than a loss.
The aim isn't just to make money, its to manage risk and not lose money.
Entry taken on 1m and most analysis done on the 5m.
Entry taken from 1m Order block after a break out of Asian range and a test off a 15m FVG.
Price broke through a strong 5m low, so stops moved to BE, price returned back to the Order block and stopped me out.
After hitting my stop, Price rallied down.
Break even (BE) is better than a loss.
The aim isn't just to make money, its to manage risk and not lose money.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.