EURGPB:
On this learning curve of trading, I succumbed of thinking I knew everything and jumped into this trade on a whim!
Based of 4 hour chart:
Candle confirmation of trading below 50 EMA, when I entered this trade the candle had just broken the 50 EMA :(
Downward trend line was respected.
Bearish trend broke support 0.85590
It is a lesson that is well learnt! Happily these mistakes are being made on a demo account.
What tips could you guys give?
Where are there holes in my thinking / analysis?
Thanks
RR
On this learning curve of trading, I succumbed of thinking I knew everything and jumped into this trade on a whim!
Based of 4 hour chart:
Candle confirmation of trading below 50 EMA, when I entered this trade the candle had just broken the 50 EMA :(
Downward trend line was respected.
Bearish trend broke support 0.85590
It is a lesson that is well learnt! Happily these mistakes are being made on a demo account.
What tips could you guys give?
Where are there holes in my thinking / analysis?
Thanks
RR