I know this was a bit later in the day then usual, but I was wathcing the trend and we had a shift bearish and this was the first instance of a 10ema.
I was getting scared near the R/G level and wanted to self partial but then I stoped myself because when I sell partial I am not getting my full RR and in the long run it wont help me.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-01 11:49:00 | TSLA | sell | $675.610 | short |
2022-07-01 11:55:09 | TSLA | buy | $671.820 | 0 |
Nice entry and exit. I like you had waited for the "break and re-test" before entering your short position.
@Breeze. I shorted in that area because I believed that the red candle that $680 area was the top of this retracement after its morning run down. It was also at the 50% fib retracement level.
My exit was based of the lows of the consolidation around 10:45 to 11.
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Good trade. Interested to know what your reasons were for shorting at that area and how you determine your targets.