Time of entry: 1pm
Reasons for entry:
- 4h bearish market structure
- B&R back into the previous support now resstance
- 1H close at midline of res followed by a nice bearish close showing rejection of resistance
- Longer term 50 fib rejected
- Sell stop set at previous 30m lows
- Closed manually at orange line
Lessons learned: I closed out well here when I saw that bullish engulfing from the support we couldn't close and hold below. EA doesnt retest that often so i could have taken a sell on that consolidation breakout with 1% risk to gain some impulse entry and scaling in experience
Reasons for entry:
- 4h bearish market structure
- B&R back into the previous support now resstance
- 1H close at midline of res followed by a nice bearish close showing rejection of resistance
- Longer term 50 fib rejected
- Sell stop set at previous 30m lows
- Closed manually at orange line
Lessons learned: I closed out well here when I saw that bullish engulfing from the support we couldn't close and hold below. EA doesnt retest that often so i could have taken a sell on that consolidation breakout with 1% risk to gain some impulse entry and scaling in experience