Placed two positions!
reason for the first trade: Looking at previous price action there has been strong rejections from the 4H resistance so I was waiting for price to react with that level. I wanted to see lots of momentum to the downside and thats what I saw. i probably entered the trade early i should have waited for a pull back to that level then enter in on the pull back to increase my confidence in the trade.
Reason for the second trade: i entered this position on the 15M time frame, I saw a pull back to a previous resistance zone and waited for the reaction. I placed my SL just above the previous wicks and price respected the level nicely and continued to the downside
reason for the first trade: Looking at previous price action there has been strong rejections from the 4H resistance so I was waiting for price to react with that level. I wanted to see lots of momentum to the downside and thats what I saw. i probably entered the trade early i should have waited for a pull back to that level then enter in on the pull back to increase my confidence in the trade.
Reason for the second trade: i entered this position on the 15M time frame, I saw a pull back to a previous resistance zone and waited for the reaction. I placed my SL just above the previous wicks and price respected the level nicely and continued to the downside