I could tell this trade would be bullish, but I was hesitant. I should have trusted my own judgement and took this trade. Its not to late to get into the trade, but the take profit. I would set it at 1.29986 and stop loss at 1.27815
I looked at the market, and I reviewed and I said this is going to go up. Let me mark where to buy. Then just like that in 3 days. It has gone up. This is truly one of my favorite pairs to trade!
I entered this trade last night, and I had no idea this will be at 54 pips. Not bad for a beginner trader.
Yesterday there was a serious drop in the market, and how this market is moving. I can tell this going to go back up. I wish on Monday night I would have gotten in that sell could have been in some deep profits.
I am thinking this will be a long, and this is just my personal view on what I think will happen!
Was just looking up fibonacci strategy and the proper set up, and I decided to mark up the chart from how I can understand it. This is how my brain works I labelled everything to make it look simple on how I am understanding it, and this is my first idea. If anyone has anything to add feel free to comment what you think I am missing.