Time of entry: 2PM
Reasons for entry:
- Major 4H high was well respected
- bearish engulfing was perfect entry
- Consolidation broken and retested to the downside around the key level
Lessons learned: I closed on the break of the pendant but i don't trade pendants so i shouldn't manage a trade based off them. WAIT FOR 1H CLOSES AT LEAST and this would have went on to hit TP easily.
Reasons for entry:
- Major 4H high was well respected
- bearish engulfing was perfect entry
- Consolidation broken and retested to the downside around the key level
Lessons learned: I closed on the break of the pendant but i don't trade pendants so i shouldn't manage a trade based off them. WAIT FOR 1H CLOSES AT LEAST and this would have went on to hit TP easily.