Reason for entry: Broke resistance and generally trending down Any patterns?: No Divergance?: None Risk/reward ratio: 2.1 Potential profit: 118% Indicators: CCI, RSI, MACD all bearish Multiple time frame support (1W, 1D, 4H): All 3 time frames are bearish Moving Average: Below MA Upcoming news announcements: No How confident are you with your position?: Pretty confident How do you feel in general?: I feel good
Trade closed: stop reached
Result: I got stopped out during the pullback but price proceeded to go in my desired direction. Lesson learned: I need to work on my execution timing!
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