Price action analysis identified LSE:ASC (ASOS) downtrend continuation and short opportunity. Reversal pin bar candle trigger, confluence with; rejection of falling trend line, rejection of 50% fib retracement, rejection of 50 WMA and rejection of previous support becomes resistance.
Trade stängt: Stopp nått:
Stop loss was too tight relative to pin bar high, should have added at least one pip above pin bar high