A manual trade break down on 26 Nov 24
Price action analysis
The price dipped below the $2,687 support level but couldn’t sustain the downward momentum. It repeatedly attempted to break lower, forming long wicks on the candles, indicating strong buying pressure. This “pullback failure” signaled a potential bullish reversal.
We identified $2,692 as a potential stop-loss level, based on the previous high point of the wick.
The target profit was set at $2,661, where the price had previously faced resistance.
This trade ended with a favorable risk-reward ratio of 4.2:1.
This is not our usual post as most of our trades are algo generated.