Yesterdays analysis played out as expected however, I failed to be triggered into the trade. To be a good and consistent trader you must remain 100% transparent in your approach. It's easy to let emotions slip when trades are missed or when losses happen. We need to remember we play a game of probabilities and percentages.
Was my analysis correct? Yes, it...
Sell Limit has been set for the resistance hold. Levels have been provided.
If you are going to use this analysis to put your own funds on be sure to use proper risk management and tailor it to your own trading plan. Do not risk more than normal as I could still be wrong.
Remaining neutral on this position until price develops further. If we form a strong double top I will be looking for continued bearish momentum. However, if price fails to hold I will be looking for a break and retest of resistance.