Thank you for sharing your graph. Curious about the pink/red lines. What are they? What are the rules of drawing them?
aliassmith wrote:Mira wrote:I even tried to draw zlines, CCs and breaks on D1.
Price respected the levels well on all the charts but they confused me at some point.
Here I re adapted lines to H1 levels.
First arrow breakout, break in: i went short but then price broke below and above the lower line (second arrow).
I closed the trade there because I had no idea of the direction of the next move.
Where I marked the black horizontal lines is where I see the Zlines. I also marked an area where I would have considered an exit. My stop loss would have been at the top of the last swing high. 1:1 or 1:1.5 risk:reward depending on which one you played.