Time of Entry: 6PM
Reasons for entry:
- Double top to daily key level
- 1H bearish hammer as entry
- Multiple wicks to the upside
Lessons learned:
- Good trade getting in at the second peak but I shouldn't have closed out half the trade, I got anxious and emotions got the better of me
- Once that support was broken and closed below then I could have trailed stops just above that, then I would have had more profit
- Be weary of daily trend still but here there was a valid reversal pattern so it wasn't as risky
Reasons for entry:
- Double top to daily key level
- 1H bearish hammer as entry
- Multiple wicks to the upside
Lessons learned:
- Good trade getting in at the second peak but I shouldn't have closed out half the trade, I got anxious and emotions got the better of me
- Once that support was broken and closed below then I could have trailed stops just above that, then I would have had more profit
- Be weary of daily trend still but here there was a valid reversal pattern so it wasn't as risky