TRADE RESULT
BIAS & PAZ / SETUP
NOTES
Here we marked of a #3_drive pattern although it is NOT textbook. The pullback after the 2nd drive should be around 61% fib and the time between 2 and 3 is much greater than 1 and 2. However, we still had #divergence form (if you add a MACD you can see) and price formed a nice consolidation before the bearish impulse, breaking structure. My target was bigger, but once we get to the first point of liquidity I like to protect the trade. Either taking some profit off the table or moving SL (or more often that not, a combination of both) I kept this example to show that not all trades always works out perfectly, but more often than not, trading important levels and PAZ often give you enough of a reaction to not loose on the trade, or even make a small profit, even though the trade has “failed”