Trade Journal: Long $PAAS - 2/26/2020

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Been stalking PAAS ever since it had a nice breakout last week. Today PAAS looks like it is done pulling back and looking for a continuation move. PAAS is a silver miner which usually acts inversely to the market making this an acceptable long trade. PAAS pulled directly into the previous all time highs and printed a Hammer Candlestick on the 30m timeframe. I went long when PAAS made a higher low then higher high on the 30m timeframe.

Entry - 24.45
Stop loss - 24.05
Target - 26

In hindsight, PAAS pattern does not look ready yet and I may have pulled the trigger on this trade too early. I think PAAS is going to pull in some more then make a new higher high.

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تعليق

30m timeframe.

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أغلقت الصفقة: تم الوصول لوقف الخسارة

Yup I was right. I jumped in way too early in this trade. I will probably revisit this later at the pattern is still valid.