Strategy: MA50 Pullback
Bought at the EMA50 pullback.
Entry: Would've been a better entry if I waited for a bullish confirmation, but the confluence of Golden Cross on daily timeframe let me enter the trade earlier.
Exit: Invalid if the price breaks EMA100
Confluence: Area of previous resistance is the same level as the EMA50 Pullback
Daily TF shows a Golden Cross between EMA50 and EMA100
Bought at the EMA50 pullback.
Entry: Would've been a better entry if I waited for a bullish confirmation, but the confluence of Golden Cross on daily timeframe let me enter the trade earlier.
Exit: Invalid if the price breaks EMA100
Confluence: Area of previous resistance is the same level as the EMA50 Pullback
Daily TF shows a Golden Cross between EMA50 and EMA100
Trade closed: stop reached
Stop Loss HitLESSON: Should have placed SL at previous swing low rather than the EMA100
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.