Veering towards bad luck on this trade. Looking at this objectively both levels of demand (daily and weekly) were untested, so fresh and as such likely to have unfilled buy orders sitting around them and this is not a place one would immediately think there would be a supply/demand equilibrium. Perhaps not the best candle action to enter on , but strictly speaking this shouldn't matter as I am trading levels not candle patterns. Thinking of re-entering this trade tomorrow should it tick above the current hammer on chart.
One negative factor on this trade is the fact that price is trending down on the daily chart.
One negative factor on this trade is the fact that price is trending down on the daily chart.
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