GJ Sell
DAILY: Uptrend. Hit -61.8, then reversed but retested daily trendline for the buy
4HR: Uptrend. Ranged and finally Hit -61.8. Bearish divergence
1HR: Downtrend. Trended up, hit -61.8 and reversed. Broke and retesting 1Hr trendline for sell. Bearish divergence
CURRENTLY:
I am looking for price to retest previous support as resistance and sell to previous resistance
(~300 pips)
Trade closed: stop reached
PRO: Lesson learned CON: VERY poor entry
LESSON: WAIT for CLEAR retest before entering the trade. If no retest = no loss. If it takes off w/o retest, just wait for next opportunity = no loss
The downtrend hit -61.8 = time for buy (not sell).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.