From the static chart, I couldn’t see why I had taken this trade. I had marked it as a Imp/Corr structure in my records but I couldn’t tell if the pattern and entry were valid just by looking at the screenshot.
It turns out that this was a nice entry in response to the market’s failed attempt to retest the broken level. A green bar does form but it’s still some way off the level and then it’s met with a big red engulfing that triggers plenty of follow-though and that is the trade entry.
