ES Futures Contract
Uptrend initiation with price moving above the daily VWAP. RSI re-entering bullish territory.
Awaiting a return to the 20-period EMA, which occurred rather late in the rally. At 6948, the price finally corrected to reach my 20-period EMA at 6936.
Slightly late entry with 1 lot after confirmation of the bullish reaction on the 1-minute chart.
Target 6955 with SL at 6935.25, behind the 20-period EMA.
Exit after volume formation and bearish reaction at 6948.75, slightly below my target.
Trade Risk: 5.08R
Realized: 3.13R (+$508)
(The move was far from over and could have yielded double, but I opted for safety given the increase in volume)
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