BOOKMAP, pullback,

Thesis: We opened right below supply so I was not looking for ideas to get long unless we got above 4103. I did not want to enter shorts immediately either because we had an overnight sell off so I want to look for a relief bounce and look for ways to get short at supply or 78.6% retracement level. 

Market Context: We see strong buying off the open and we immediately touch supply with a selloff right after. I was going to enter there but I truly wanted to see another pullback to see if the sellers were active at that supply zone. Minutes later we got another rally up to that supply zone where we put in a lower high and I saw the ask strong and moving down as we moved down. 

Where/Why did I enter: I entered when I saw a lower high form along with the ask wall look strong and move down as we moved lower which showed an interest in sellers. 

Where/Why did I exit: I exited into momentum pushing down to the 4hr demand where we bounced in the morning. I exited because I wanted to lock in profit as it was friday and I wanted to end the week strong. 

How can I improve: Some things I can improve is taking into consideration that there was news at 10 so holding a put through the news was very risky. If it went the other way it would have been a bigger loss. 

What I did well: I respected my stop loss and did not sell as soon as it touched high of day but rather saw that we were being absorbed at the highs and we then pushed lower. I managed to keep my feelings intact and did not let the touch of my stop loss make me close my trade

Confirmations: Decent ASK wall along with it moving lower as we moved down, lower high at supply, good selling after lower high

Entry: 4084

Stop: 4090

Target: 4056

Take Profit: 4070

R:R: 1:2.33