shorted 20 @ 178.06, expecting a second leg down. Rather stupidly I was buying at the bottom of a trading range that would play out over the next couple of hoursunder the same logic shorted another 50 at the pullback to the ema
setup 60 min
expected a bear channel to develop after spike. Looking for at least 3 bars in channel
outcome 5 min
after two hours of trading range behaviour, mostly sitting on negative equity, having bought at the bottom of a trading range, the price action broke out in a bearish direction.
outcome 1m chart
1min chart shows the extended trading range behaviour from my purchase point on LHS to my sales point on RHS
