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18th August Trading Recap
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Today, price fell throughout the UK session and there was no clear 1hr Breakout.
The only 1hr Key Level available for use was the 1hr Micro Swing.

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Moving down into the 5m Chart, there looks to be a Supply Area (shown by the red box) just below the 1hr Micro Wick.
It was around these areas that I would look for price to react.

As we approached the Supply Area we started to see some rejections. But the market is very choppy so I wanted some more confirmation.

Price eventually broke the 5m uptrend line with conviction and I entered short (shown by the red arrow).

Because the market is incredibly choppy today I have opted for a simple 1:1.

Unfortunately, price shot up and hit my Stop Loss.

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