Time of entry: 2PM
Reasons for entry:
- Downtrend
- B&R of 4H key support turned
resistance
- 618 fib rejected
- 800 Hour MA lined up perfect with res
too
- Risk Off flows
Lessons learned:
- Absolutely perfect entry with good tight but safe stop loss
- Well closed out seeing the double bottom and the support holding
- I could have closed with 0.5% more at the doji on the support as this shows it is holding and fits my trading plan to take buys here
- REMEMBER TO KEEP EYES OUT FOR PATTERNS THAT COULD TURN YOUR TRADE BAD
Reasons for entry:
- Downtrend
- B&R of 4H key support turned
resistance
- 618 fib rejected
- 800 Hour MA lined up perfect with res
too
- Risk Off flows
Lessons learned:
- Absolutely perfect entry with good tight but safe stop loss
- Well closed out seeing the double bottom and the support holding
- I could have closed with 0.5% more at the doji on the support as this shows it is holding and fits my trading plan to take buys here
- REMEMBER TO KEEP EYES OUT FOR PATTERNS THAT COULD TURN YOUR TRADE BAD