End of Day Review
+0.85%
4 trades taken.
2 winners, 2 losers, 0 break even.
I closed this trade early at 1.77R, as price was slowing down near the 15min ema, and I was afraid of price bouncing off the 15min ema and 4hour ema and moving back down without hitting my 2R target.
A wider stop underneath the Channel boundary woud have seen me hit my 2R target.
I felt that we could be seeing an inverse head and shoulders, with a Reversal FibCon forming at the 10862 Key level, rising towards the 5min ema.
I took profits at 1R, well within the limits of the Inner-Fib, as I was unsure if there would be a Reversal after the Low at the 10862 Key level.