5/31 Trade Dissection

I like examining failed trades as they are the best teachers.

This trade I was waiting for a pullback after the NSH to go long.

We got a pullback to the 50% which subsequently lead to a hammer being formed.  I think I may have been too aggressive here because I entered on a limit 1 tick above the hammer at 778.  Usually I wait for a close above the trigger candle but thought that price would rip up due to the fact we just made a NSH on the short term order flow.

Something of notice also is the wicks showing selling pressure however there are also a few buying wicks there so I took this as a quick changing of hands before a rip up.

More notes on following chart.