Time of entry: 5pm
Reasons for entry:
- B&R of Daily support
- Multiple 2h dojis holding resistance
- Well under EMAs
- 4H close on midline
- Fundamentally strong pound as lockdown is easing
Lessons learned:
- Well held out handling the fluctuations and not closing when the support was being rejected
- I could have closed out earlier when I saw the 1H candle close back above the resistance and the trend line for around 2%
Reasons for entry:
- B&R of Daily support
- Multiple 2h dojis holding resistance
- Well under EMAs
- 4H close on midline
- Fundamentally strong pound as lockdown is easing
Lessons learned:
- Well held out handling the fluctuations and not closing when the support was being rejected
- I could have closed out earlier when I saw the 1H candle close back above the resistance and the trend line for around 2%