gj backtest fake double top july 3 2020 tuesday
double formed around a minor qp - 134.(500)
with a major qp right above , and also stop loss from the double top
i drew my fib from the neckline to the right shoulder of the DT , and looked for a entry around the 61.80% fib level
1hr- there was 3 wick touches on the 61.80% overall . the third could've been scaled down into the 15m n below
for a tighter stop loss to squeeze as much leverage as possible. while staying in 1% risk of my account.
tp 2 was smashed
with a major qp right above , and also stop loss from the double top
i drew my fib from the neckline to the right shoulder of the DT , and looked for a entry around the 61.80% fib level
1hr- there was 3 wick touches on the 61.80% overall . the third could've been scaled down into the 15m n below
for a tighter stop loss to squeeze as much leverage as possible. while staying in 1% risk of my account.
tp 2 was smashed
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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.