Meyney's template utilises MA for this reason

it seems your entry is right and R:R is ok TP not hit?Jon wrote: Wed Nov 16, 2022 6:59 am I made a mistake today; I got the entry correct but my TP wasn't hit. I missed it by a few pips.
I've re-evaluated my setup and learned to just let it go, At the end of the day i preserved my capital
Tomorrow is another day:)
Plenty of opportunities around the corner
nice sd zones Jon, of course it depends on the timeframe you want to trade,for now it seems there is no uptrend on 1H(previous high SD not broken and certainly not by a decent impulse up. And zoomed out we see this: 2 big impulses down.Jon wrote: Fri Nov 18, 2022 4:40 am USD/JPY 1 hr chart, Price looked like it was struggling to go lower, entered on the trendline break and TP at the top there.
What do you think of these types of setups M? Should i have waited for break of structure and entered on the next wave?
Hope all is well
Thanks:)Meyney wrote: Fri Nov 18, 2022 6:05 am nice sd zones Jon, of course it depends on the timeframe you want to trade,for now it seems there is no uptrend on 1H(previous high SD not broken and certainly not by a decent impulse up. And zoomed out we see this: 2 big impulses down.