EURAUD 1% Loss
I entered this trade with the following confluences to back my bias up:
- Clear descending channel
- 61.8 respected lining up nicely with a touch of TL
- Broken and retested structure (support turned resistance)
- Multiple wick rejections to the upside on 1H
- Well under the 200 EMA
- Good close back Below 50 EMA
Entry was on the bearish engulfing from the 61.8 fib originally 2% risk but i minimised it to 1% closing half the position at entry.
Lesson learned: Fib levels are still zones not perfect points so the ideal entry was on the previous 1H doji. That way this probably would have been a breakeven trade or even took 2% from it!
- Clear descending channel
- 61.8 respected lining up nicely with a touch of TL
- Broken and retested structure (support turned resistance)
- Multiple wick rejections to the upside on 1H
- Well under the 200 EMA
- Good close back Below 50 EMA
Entry was on the bearish engulfing from the 61.8 fib originally 2% risk but i minimised it to 1% closing half the position at entry.
Lesson learned: Fib levels are still zones not perfect points so the ideal entry was on the previous 1H doji. That way this probably would have been a breakeven trade or even took 2% from it!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.