Fail To Win- FAILED BULLISH TRADE ON DXY
Now I'm learning to love my failures with trading because with them I find knowledge, advancement, and growth. Here on the 2h chart I placed a buy trade in a sellers market!! How hurt but happy I was to see it fail. Now on my weekly analysis for this pair, I analyzed price being bearish for the week. Why did I go bullish? Well, the overall market for DXY is bullish but price has now made it to strong supply area for a pullback. When I saw price hit a good demand area, I went for a buy in thinking it would take price higher. That was a lie. What I learned from this is to keep my bias from my higher timeframe perspective!! Always.
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.