Too late to get in ?
If you're like me you sometime wonder if you're too late or have the fear of missing out on a trade.
Keep in mind there is no such thing as a perfect entry.
On this image of USDJPY, we have a 4h uptrend being reverse by a head-shoulder pattern. Our concern here is the big red candle on the latest shoulder. such a sudden bearish move can discourage most traders to get in on a trade because they think it is now ''too late''.
In this situation, adding a short order would of been profitable.
To give yourself a better idea, try zooming out to a longer time frame to see what's going on in the larger picture.
Here all the action took place on a daily (close to a monthly) resistance.
Now all these facts point to the same direction... SOUTH.
Keep in mind there is no such thing as a perfect entry.
On this image of USDJPY, we have a 4h uptrend being reverse by a head-shoulder pattern. Our concern here is the big red candle on the latest shoulder. such a sudden bearish move can discourage most traders to get in on a trade because they think it is now ''too late''.
In this situation, adding a short order would of been profitable.
To give yourself a better idea, try zooming out to a longer time frame to see what's going on in the larger picture.
Here all the action took place on a daily (close to a monthly) resistance.
Now all these facts point to the same direction... SOUTH.
Penafian
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