Background: - Bearish engulfing reversal candle off horizontal support turned resistance area @ 1.417 - 2nd shooting star formed on the 15 March 2017
Entry: - Sell stop 20pips below the 2nd shooting star low at 1.398
SL: - 20pips above the 2nd shooting star high at 1.413
TP: - Previous swing low area at 1.37
Trade ativo
Updates - 18 March 2017: - After set up triggered, price went up upon testing the 20MA support. However bearish dark cloud formed with the 50MA resistance keep price in check. - Seems like the price will be held lower and hopefully my PT will reach by next week.
Trade fechado: stop atingido
Updates 26 March 2017: - Set up stopped out - Big mistake: the 21 March bullish marobozu off the 20MA is a 2nd signal that confirmed the turn of short term term. - I should have exited the trade given the signal shown. Because of day and night work commitment i failed to picked that up.
Lesson learned: - I need to resume my daily routine to look at my trades - This loss reinforced my criteria of 2nd Bullish signal in a short trade is definitely a sign to quit
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.