Time of entry: 2pm
Reasons for entry:
- Double bottom
- Big 4h bearish momentum candle failed to close below support
- 'Golden fib zone' rejected
- 1H bullish engulfing as entry
Lessons learned: I manually closed out at BE after that massive bearish rejection happened but i should have had stops at BE to do that for me otherwise this may have been a loser.
Should have waited for the break of the range at least as i think i was trying to be in a trade when it wasn't needed. Ranges are always more risky
Reasons for entry:
- Double bottom
- Big 4h bearish momentum candle failed to close below support
- 'Golden fib zone' rejected
- 1H bullish engulfing as entry
Lessons learned: I manually closed out at BE after that massive bearish rejection happened but i should have had stops at BE to do that for me otherwise this may have been a loser.
Should have waited for the break of the range at least as i think i was trying to be in a trade when it wasn't needed. Ranges are always more risky