Reasons for my entry were:
-Downtrend
- Break and retest of consilidation which was also previous structural lows
- Price rejected the 61.8 fib
- Under both EMAs
- Bearish engulfing rejecting 61.8 fin was entry
Lesson learned: If i would have drawn out my daily support bigger and set TP there then i could have taken profits earlier but the RR probably wouldnt have been worth getting in the trade.
Good points: I saw price got past my 2% mark and saw theeuro was strong so i moved stops to BE even though price didnt create structure past the 2% mark which saced me from another loss this week
-Downtrend
- Break and retest of consilidation which was also previous structural lows
- Price rejected the 61.8 fib
- Under both EMAs
- Bearish engulfing rejecting 61.8 fin was entry
Lesson learned: If i would have drawn out my daily support bigger and set TP there then i could have taken profits earlier but the RR probably wouldnt have been worth getting in the trade.
Good points: I saw price got past my 2% mark and saw theeuro was strong so i moved stops to BE even though price didnt create structure past the 2% mark which saced me from another loss this week