USDNOK - trap or breakout?
Updated
Those are the situations where the pros separate themselves from the amateurs.
The amateurs can't wait to get into a trade because:
1. They don't want to miss the short
2. They want to be first to make more money
3. It already "feels" like it will drop
The professionals wait for the actual confirmation and a close with momentum that would signal a new low. Otherwise, you risk running into a trap.
Keep in mind: when a trade looks so obvious, there is usually something wrong with it :)
Wait and practice patience
The amateurs can't wait to get into a trade because:
1. They don't want to miss the short
2. They want to be first to make more money
3. It already "feels" like it will drop
The professionals wait for the actual confirmation and a close with momentum that would signal a new low. Otherwise, you risk running into a trap.
Keep in mind: when a trade looks so obvious, there is usually something wrong with it :)
Wait and practice patience
Note
This is the textbook example of a trap breakout!First the trap to get all the impatience and early traders, then the breakout lower. Could not be better :)
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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