Was this a good setup that didn’t work, or is there something I am missing when I take these trades? Should they be used only in line with the current Swing Low-High sequence?
What factors were for and against this trade?
- For: it was the 169 on the m1 and 3
- For: it was outside the M3 Bollis when it hit
- Against: there was an active H4 TL straight above it
- Against: lots of orders waiting below at yesterday’s close.