Entering reasons:
RSI Bearish Div 15-30min
Macd Bearish Div 15-30min
Possible end of 5th wave
Targeting the .38 fib range for a little correction
Chart is a bit mess but self explanatory. I don't have time to write but I have confluent reasons to enter this trade let's see how it goes.
RSI Bearish Div 15-30min
Macd Bearish Div 15-30min
Possible end of 5th wave
Targeting the .38 fib range for a little correction
Chart is a bit mess but self explanatory. I don't have time to write but I have confluent reasons to enter this trade let's see how it goes.
Comment:
Laddered short up to 202.7
New base price: 202.2 R.R
New SL: 202.88
New R:R 3.23
New base price: 202.2 R.R
New SL: 202.88
New R:R 3.23
Trade closed: target reached:
Target reached and past down to .5 Fib. Analysis successful.
Lessons:
1.I should've made 3 laddered orders to fib levels .38, .618, .78
2. I closed the trade in loss because the price came so close to my SL level and I panicked sitting in front of the computer. I could've waited a little bit more to enter at a better price so my confidence in the trade would be higher.
Lessons:
1.I should've made 3 laddered orders to fib levels .38, .618, .78
2. I closed the trade in loss because the price came so close to my SL level and I panicked sitting in front of the computer. I could've waited a little bit more to enter at a better price so my confidence in the trade would be higher.
Target: 199.96