Asset and Time frame -JMIA,4 Hours Entry Price -25.3599 Exit(Stop Loss) -23.32 Exit(Take Profit) - 31.55 The range between SL and entry -2.07$
Technical Analysis -Hourly chart creates a higher high and an ABC pattern on the Fibonacci 0.382 level, both SMA are used as support, TP is set a bit far for RRR3 Why not enter the trade - Strong resistance up ahead at 27$ Is the Market overbought or Oversold -No What direction does the market move -X Higher Highs / Lower Lows -X
What can be improved - Conclusion & End of Trade -
Comment
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TP set at 31.55 not 28.34
Trade closed: stop reached
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Price reached the stop-loss price.
What can be improved - Don't be afraid of FOMO, Wait for significant candle patterns.
Conclusion & End of Trade - The trade was missing a significant candle strength, no major candles(Engulfing, or pattern)