INITIAL THOUGHTS
Previous two candles showing the sellers are in control for the 1h and 4h. No top wick on the previous 4 hour. This means the price didn't go above where it opened. Strong sellers. But, there was a decent wick on the bottom. Momentum is shifting a bit but the next candle should be red.
UPDATE
I added too many 0s for the quantity with this trade... Right away I started to see -$3000 and -$7000. Even hit a high of -$14,000! I decided to accept my fate and remember why I entered this trade. I said, as soon as it goes positive (if it does), I'll close it.
REFLECTION
Trade was good! +$8600. Checked back in an hour later. Glad to know my logic turned out correct even though the quantity wasn't lol.
TradingView PaperTrading
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-21 21:19:59 | XAUUSD | sell | $1828.26 | short |
2022-06-21 22:05:14 | XAUUSD | buy | $1827.39 | 0 |
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