Asset and Time frame - 4 H, TWLO
Entry Price -125.70
Exit(Stop loss) -129.06
Exit(Take Profit) - 107.05
Range between SL and entry -3.36$
Technical Analysis -After a bearish engulfing candle broke the 0.618 Fibonacci daily level, the price started correcting with small and weak candles, and now the price has reached the C point to return the downtrend,also we have a confirmed resistance trend line from the last high at 136.
Why not enter the trade - The 100&200 SMA are in the way.
What can be improved -
Conclusion & End of Trade -
Entry Price -125.70
Exit(Stop loss) -129.06
Exit(Take Profit) - 107.05
Range between SL and entry -3.36$
Technical Analysis -After a bearish engulfing candle broke the 0.618 Fibonacci daily level, the price started correcting with small and weak candles, and now the price has reached the C point to return the downtrend,also we have a confirmed resistance trend line from the last high at 136.
Why not enter the trade - The 100&200 SMA are in the way.
What can be improved -
Conclusion & End of Trade -