V formation, test, sell. But the thing is, I could have got a better entry of course. But more importantly, there is very little profit margin on this trade. I also reduced risk by taking a smaller lot size, duh. But what I'm mainly interested in is working on my READ & execution.
READ = Sellers territory 60/15. V formation, I like the V. Strong seller momentum, decent test. (I could have had a more precise entry with the test area) and the pullbacks look healthy, nothing threatning. Although I only did a quick glance and not a full 20-30 minute analysis. Looking to take it to recent low. ANd I'm out.
READ = Sellers territory 60/15. V formation, I like the V. Strong seller momentum, decent test. (I could have had a more precise entry with the test area) and the pullbacks look healthy, nothing threatning. Although I only did a quick glance and not a full 20-30 minute analysis. Looking to take it to recent low. ANd I'm out.
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