Time of entry: 16:45
Reasons for entry:
- TL touch
- Resistance rejected
- 61.8 fib lining up with resistance
- General downtrend
- 200 EMA lining up perfect with res
Lessons learned:
- Keep a close eye on the reasons against you, I had a previous strong rejection support and a trend line that was against me. I could have took profit early at those multiple 4H rejections especially with it being 4H!
- I did well trailing stops above 30m structure otherwise it would have been a breakeven trade
Reasons for entry:
- TL touch
- Resistance rejected
- 61.8 fib lining up with resistance
- General downtrend
- 200 EMA lining up perfect with res
Lessons learned:
- Keep a close eye on the reasons against you, I had a previous strong rejection support and a trend line that was against me. I could have took profit early at those multiple 4H rejections especially with it being 4H!
- I did well trailing stops above 30m structure otherwise it would have been a breakeven trade