****Not financial adviser, for entertainment purposes only. New (only 2 weeks in!) to TA, DO NOT COPY!!!****
Call sourced from a signal group.
Entry: 21-22
Targets: 23, 25, 30, 33
Stop Loss: 19
Reasons I'm not entering this trade:
1/ Significant resistance immediately overhead on SMAs 20, 30, 50, 200 as well as EMAs 8, 13, 20, 21, 55, 200
2/ No support whatsoever
3/ Too risky for virtually minimal reward.
4/ CCI does not support entry
4/ Trading for the sake of trading is a bad strategy. The last two weeks have taught me, patience is king. Wait for a good entry set up, hold on to your mental capital.
That is it! Back to work, studying technical analysis. Till next time :-)
Call sourced from a signal group.
Entry: 21-22
Targets: 23, 25, 30, 33
Stop Loss: 19
Reasons I'm not entering this trade:
1/ Significant resistance immediately overhead on SMAs 20, 30, 50, 200 as well as EMAs 8, 13, 20, 21, 55, 200
2/ No support whatsoever
3/ Too risky for virtually minimal reward.
4/ CCI does not support entry
4/ Trading for the sake of trading is a bad strategy. The last two weeks have taught me, patience is king. Wait for a good entry set up, hold on to your mental capital.
That is it! Back to work, studying technical analysis. Till next time :-)