Reason for entry: Trending down - crossed the moving average
Risk/reward ratio: 4.28
Potential profit: 109%
Indicators: RSI, CCI, MACD all indicate bearish trend
Multiple time frame support (1W, 1D, 4H): Yes
Moving Average: Below moving average
Upcoming news announcements: None
Risk/reward ratio: 4.28
Potential profit: 109%
Indicators: RSI, CCI, MACD all indicate bearish trend
Multiple time frame support (1W, 1D, 4H): Yes
Moving Average: Below moving average
Upcoming news announcements: None
Trade closed: stop reached:
Result: Sudden turn to the upside and got stopped out at a 26% loss.
Lesson learned: shit happens :)
Lesson learned: shit happens :)