I have basically taken this trade due to price action.
Price has been very bearish for the last two months.
Price has pullback. I drew a fib from the previous highs at the 1.35000 level and price rejected the 61 level of this fib with a doji candle (there is a bit of a bar but I would still call this candle a doji)
I expect new lows to be made.
Not too much analysis on this one to be honest.....
Price has been very bearish for the last two months.
Price has pullback. I drew a fib from the previous highs at the 1.35000 level and price rejected the 61 level of this fib with a doji candle (there is a bit of a bar but I would still call this candle a doji)
I expect new lows to be made.
Not too much analysis on this one to be honest.....
Trade closed: stop reached:
Stopped out of this trade. Why Stop loss wasn't above the previous highs.
Lesson Learnt: always be putting stops below or above previous highs and lows.
As looking at the trade it was a very straight forward trade.
Lesson Learnt: always be putting stops below or above previous highs and lows.
As looking at the trade it was a very straight forward trade.