GBPUSD -3.25% loss (2 trades)
Time of entry: 11:30 & 14:30
Reasons for entry:
- Uptrend
- 61.8 fib as midline of support
- Ascending channel
- 200 EMA
- DXY on way down with H&S Pattern
Lessons learned:
- My support should have been drew from the higher timeframes (Daily) that way I would have only lost 1% as I wouldn't have been stopped out of the first trade.
- Well closed out half trade as DXY broke resistance so I protected my capital
Reasons for entry:
- Uptrend
- 61.8 fib as midline of support
- Ascending channel
- 200 EMA
- DXY on way down with H&S Pattern
Lessons learned:
- My support should have been drew from the higher timeframes (Daily) that way I would have only lost 1% as I wouldn't have been stopped out of the first trade.
- Well closed out half trade as DXY broke resistance so I protected my capital
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