Took this trade today.
The 15m and the 1hour TF had nice downtrend. The other reason for taking it was the shadows not quite reaching the 21ema, followed by a hammer shape and another bearish candlestick. Unfortunately it didnt go my way!
One lesson learned here is that I must immediately move my SL to BE once I reach 6 pips or so.
The 15m and the 1hour TF had nice downtrend. The other reason for taking it was the shadows not quite reaching the 21ema, followed by a hammer shape and another bearish candlestick. Unfortunately it didnt go my way!
One lesson learned here is that I must immediately move my SL to BE once I reach 6 pips or so.