Time of entry: 2pm
Reasons for entry:
- Break & Retest of 4H level
- Uptrend
- Broken long term downtrend
- 1h hammer
- 38.2 fib rejected
- Close back above 800 EMA
Lessons learned:
- Stops were well placed just below the fib under the support
- I should have set TP to the midline of the daily key resistance because fib extension lined up perfect with it
- The support I drew was a 4h support so I should have waited for the 4h candle to close to determine if I should have closed out half position
Reasons for entry:
- Break & Retest of 4H level
- Uptrend
- Broken long term downtrend
- 1h hammer
- 38.2 fib rejected
- Close back above 800 EMA
Lessons learned:
- Stops were well placed just below the fib under the support
- I should have set TP to the midline of the daily key resistance because fib extension lined up perfect with it
- The support I drew was a 4h support so I should have waited for the 4h candle to close to determine if I should have closed out half position