TRADE RESULT
BIAS & PAZ / SETUP
NOTES
Here we have another #Reach_Around trade. Market reached and cleared the lows, which we treat as a #paz. Market touches the low and makes the impulse. Now we can start to look for the RP to enter. A clear RP3 developed, giving us a clear entry. However, after entry, the market did not move impulsively. You can see the market grinds up slowly, looking on the 4H. Even though our initial final target was the top of the reach-around range, you have to be able to adjust to the market. Moving up your stop loss or taking profit on a retrace of a down impulse is a good idea. In this example we closed our position at around 1.685, once the market cleared the little 15min liquidity. Price did later continue lower. Even though we didn't get full target, you would've easily been able to bank at least 2-3R on this one.