tyrek_l

Wrong Trade during week

FX_IDC:EURUSD   Euro / Dolar A.S.
I went for a counter trend trade last week, in area highlighted. I assumed price action would go higher before continuing low. I thought that due to the steepness of the down turn. However, price took a brief pause then continued to drop. I went over analyzed it and am now working on my counter trend trading, I will not make the same mistake again. Currently developing better counter trend methods to exploit market more.

I circled half of the pause because i knew the second half was a double top which led to continuation in downtrend, I forgot to post it though. I lost and made adjustment and regained momentum. Stay strong and stand on all ten.
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.