Hey Team!!
Just looking for some fresh eyes on where I went wrong in the set up for this trade as it ended up going as predicted but I got stopped out early.
Micro S&P500
Trend is UP.
Set my Support and Resistance on the 15m time frame and watching for a good chunk of today while it was accumulating and building momentum.
Confirmed movements on the 1h timeframe.
Entered on the 5m timeframe once I had a confirmation close above the EMA (was slightly early but it was moving as expected).
2:1 risk on a micro contract.
Then was stopped out for it to just continue on as planned and even go beyond the 2:1 take profit I had set.
Did I just jump the gun and enter too early? Did I set my stop loss too short? or what???
Any feedback or insight would be dope!!