LTF FTB to a daily SR with LTF fib confluence. Price was moving quite impulsively as it approached the level which was perhaps a good enough reason to step aside. Price broke through the level and hit my SL on the same hourly bar not giving me any options to reduce my risk.
Lessons learned - 1st day of the month / quarter can be quite erratic similar to the last day of a month / quarter as funds look to re-establish positions / exsposure.
Entry: 5850
SL: 5880
TP1: 5830
Stopped out at 5880 on full position.
Profit/Loss: -1R
Lessons learned - 1st day of the month / quarter can be quite erratic similar to the last day of a month / quarter as funds look to re-establish positions / exsposure.
Entry: 5850
SL: 5880
TP1: 5830
Stopped out at 5880 on full position.
Profit/Loss: -1R