candlewhisperer

ASC Asos Short Opportunity

Short
LSE:ASC   ASOS PLC ORD 3.5P
Price action analysis identified LSE:ASC (ASOS) downtrend continuation and short opportunity. Reversal pin bar candle trigger, confluence with; rejection of falling trend line , rejection of 50% fib retracement, rejection of 50 WMA and rejection of previous support becomes resistance.
Trade closed: stop reached: Stop loss was too tight relative to pin bar high, should have added at least one pip above pin bar high