Asset and Time frame -4H, CRSP
Entry Price -163.50
Exit(Stop Loss) -152.92
Exit(Take Profit) -216.63
Technical Analysis -I'm jumping the gun on this one, it's always better to wait for a candle to close and then enter the trade, but the risk to reward here is great, and I'm not afraid of the price going against me on the pre-market by 6% and go beneath my stop loss, from a technical standpoint, the price has been going sideways for a reasonable amount of time, with some big spikes in volume, on the 4H chart we have a piercing line pattern, on the daily chart we have a small bullish hammer, if you want a safer way to enter the trade, wait for the candle to close bullish
I would like to hear your opinions and what can I do to improve, many thanks
Entry Price -163.50
Exit(Stop Loss) -152.92
Exit(Take Profit) -216.63
Technical Analysis -I'm jumping the gun on this one, it's always better to wait for a candle to close and then enter the trade, but the risk to reward here is great, and I'm not afraid of the price going against me on the pre-market by 6% and go beneath my stop loss, from a technical standpoint, the price has been going sideways for a reasonable amount of time, with some big spikes in volume, on the 4H chart we have a piercing line pattern, on the daily chart we have a small bullish hammer, if you want a safer way to enter the trade, wait for the candle to close bullish
I would like to hear your opinions and what can I do to improve, many thanks
Trade closed: stop reached:
A bad trade, earnings were due the next day and I entered without noticing.