Short Position off previous Resistance with exit securing 75 pips. Trade closed off for possible Long positions in the near future. Should have managed my stop loss with more care and perhaps would have secure higher profits.
Price action Broke resistance. Could have bought potentially lower but wanted to wait for price to break horizontal resistance before entering. Current Pullback, hoping for a bounce off resistance level broken when I entered the trade.
Should have gotten out at pullback stage as the lower resistance is non-existent - Fear of falling out the bottom and not finding support.
Although this may seem to be entering a possible bullish trend, watch out for the likely return on the 0.236% Fibonacci resistance. The cumulative volume index also shows a slight dip. The decrease in investors within this specific market may potentially affect your buying outcome.