Covered @ 125.11 *** update 1:28pm***
Entry | : | $126.83 | ||||
Size | : | 700 | ||||
Exit | : | $125.11 | ||||
Stop Loss | : | $128.00 | ||||
Risk | : | 1.17 | ||||
P/L | : | $1,204.00 | ||||
R | : | 1.47 |
I saw a breakdown from 3 day support in this 30-min chart which usually leads to violent move on the direction of the price contraction breakout. My entry is on the 1st cstick after the breakdown from the congestion at $126.83. I was trying to get in around $127.25 but the spread was just too much.I covered the trade later after the price action printed a HIGHER LOW with nice NARROW RANGE HAMMER. Exit was at the 8th cstick when price cleared the top of the mini-hammer 7th cstick.
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