-Swing Low broken and retested. -Rejection at the swing low/resistance. -10, 20 EMA's acting as dynamic resistance.
-Entering at .50 of Rejection candle.
1:4 RR MINIMUM 1:6.4RR MAX.
* KEEP YOUR TRADING SIMPLE, WITH PROPER RISK MANAGEMENT.*
Trade closed: stop reached
⋅
This is why Risk Management is important.
Comment
⋅
Looking back on this post, I can see in hindsight that the rejection candle I took was less probable than the following rejection candle. Always study your losers.