Time of entry: 5PM
Reasons for entry:
- Previous 4h structural highs respected
- Fakeout breaking back in with high selling momentum
- Multiple wick rejections to resistance
Lessons learned:
- Well closed out at BE as the DXY was at a 618 fib lining up with a resistance so it was likely the dollar would have been weak and so stopped us out
- Again entry could have been better by getting in at the close of one of those shooting stars
Reasons for entry:
- Previous 4h structural highs respected
- Fakeout breaking back in with high selling momentum
- Multiple wick rejections to resistance
Lessons learned:
- Well closed out at BE as the DXY was at a 618 fib lining up with a resistance so it was likely the dollar would have been weak and so stopped us out
- Again entry could have been better by getting in at the close of one of those shooting stars