1. Not a good entry. Should've waited for the body of the candle to rebound 50 MA and not the tail.
2. Make sure the rebounded candle is green, not red.
3. Bad timing entry, entered when RSI decreasing = weak momentum.
4. Should've CL when price closing below 50MA.
5. Price ultimately decreasing forming LH and LL. Shouldn't entered at all!
2. Make sure the rebounded candle is green, not red.
3. Bad timing entry, entered when RSI decreasing = weak momentum.
4. Should've CL when price closing below 50MA.
5. Price ultimately decreasing forming LH and LL. Shouldn't entered at all!