Euro / Dolar AustraliaSingkat
EURAUD 1% Loss
I entered this trade with the following confluences to back my bias up:
- Clear descending channel
- 61.8 respected lining up nicely with a touch of TL
- Broken and retested structure (support turned resistance)
- Multiple wick rejections to the upside on 1H
- Well under the 200 EMA
- Good close back Below 50 EMA
Entry was on the bearish engulfing from the 61.8 fib originally 2% risk but i minimised it to 1% closing half the position at entry.
Lesson learned: Fib levels are still zones not perfect points so the ideal entry was on the previous 1H doji. That way this probably would have been a breakeven trade or even took 2% from it!
- Clear descending channel
- 61.8 respected lining up nicely with a touch of TL
- Broken and retested structure (support turned resistance)
- Multiple wick rejections to the upside on 1H
- Well under the 200 EMA
- Good close back Below 50 EMA
Entry was on the bearish engulfing from the 61.8 fib originally 2% risk but i minimised it to 1% closing half the position at entry.
Lesson learned: Fib levels are still zones not perfect points so the ideal entry was on the previous 1H doji. That way this probably would have been a breakeven trade or even took 2% from it!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.