End of Day Review
+1.06%
4 trades taken.
1 winner, 1 loser, 2 break even.
Price was ranging for one hour at the time I took the trade, therefore I waited for it to arrive at the top of the range that was acting as good upside resistance, but it just didn’t work.
It was a poorly managed winner… Glad that I took it, sad that I let it go empty handed!
The good news is: easy to fix, just don’t touch your trade.
The M5 MAB worked almost to perfection. If you see my trade tool, the entry level was meant to be substantially higher, therefore my original 2R target was well above my final +1.68R.
But I don’t want to focus on that: I think that for the first time I’ve experienced a textbook Reversal FIBCON, a setup I’ve searched for and never succeeded! I was sooo focused on closing my trade that I completely missed it, even having already the FibTool in position, exactly as the screenshot. Look how perfect was the reversal at the 61.8 level, bloody amazing….! That was THE trade, a 2R winner in less than 120 seconds.
