-Swing Low broken and retested.
-Rejection at the swing low/resistance.
-10, 20 EMA's acting as dynamic resistance.
-Entering at .50 of Rejection candle.
1:4 RR MINIMUM 1:6.4RR MAX.
* KEEP YOUR TRADING SIMPLE, WITH PROPER RISK MANAGEMENT.*
-Rejection at the swing low/resistance.
-10, 20 EMA's acting as dynamic resistance.
-Entering at .50 of Rejection candle.
1:4 RR MINIMUM 1:6.4RR MAX.
* KEEP YOUR TRADING SIMPLE, WITH PROPER RISK MANAGEMENT.*
Trade closed: stop reached:
This is why Risk Management is important.
Comment:
Looking back on this post, I can see in hindsight that the rejection candle I took was less probable than the following rejection candle. Always study your losers.
Trade closed: stop reached:
Refer to #41
5%-1%= 4%
5%-1%= 4%