Time of entry: 4PM
Reasons for entry:
- B&R of res now support
- Multiple wick rejections to the downside
- Uptrend
- Above both EMAs
-Bullish engulfing breaking previous 30m highs
Lessons learned:
- Again my SL wasn't in anywhere valid, at least have it at the bottom of the support
- RR was forced too trying too hard to get more than a 1:2 RR
- Bullish engulfing after i was took out the trade was a perfect re entry with a much higher RR
Reasons for entry:
- B&R of res now support
- Multiple wick rejections to the downside
- Uptrend
- Above both EMAs
-Bullish engulfing breaking previous 30m highs
Lessons learned:
- Again my SL wasn't in anywhere valid, at least have it at the bottom of the support
- RR was forced too trying too hard to get more than a 1:2 RR
- Bullish engulfing after i was took out the trade was a perfect re entry with a much higher RR