NFP today, best to ask yourself if you should really be trading today.
Plan:
1-wait for break and close below support zone. Already happend.
2- wait for retest. Also happened
3. wait for confirms-Also happened
4. execute sells with a 20pip stoploss
haven't done any other analysis its Friday and i dont want to be in the markets. Will prepare for the week ahead by working on better risk to reward, risk must be decreased so my analysis needs to improve and be done of the 4hr frame rather than the daily frame aiming for 200+pips which is over ambitious for me. Also have to work on entries. Targets need to be more realistic. will be going over my tradingview journal and spotting these mistakes and asking how i can improve on them.
Plan:
1-wait for break and close below support zone. Already happend.
2- wait for retest. Also happened
3. wait for confirms-Also happened
4. execute sells with a 20pip stoploss
haven't done any other analysis its Friday and i dont want to be in the markets. Will prepare for the week ahead by working on better risk to reward, risk must be decreased so my analysis needs to improve and be done of the 4hr frame rather than the daily frame aiming for 200+pips which is over ambitious for me. Also have to work on entries. Targets need to be more realistic. will be going over my tradingview journal and spotting these mistakes and asking how i can improve on them.
Trade closed manually:
closed trade in minor profit, dont feel comfortable about the 4hr candle. it can still pullback up.
Comment:
added to spreadsheet