EUR/USD Beginner Level trading
I took a short but had to close it for a small 2 pip loss because the price of usd/jpy which has negative correlation with eurusd, was dropping. I have now taken a long position
But what if price decides to start falling towards the eurusd clusters at 715 level?
But what if price decides to start falling towards the eurusd clusters at 715 level?
In trading you have to be flexible, you can never now every outcome, you just trade what you see. I have closed the other long trade for a 2 pip profit and switched back to sell after I spotted the "twin tower" reversal pattern I encircled in blue
In trading you have to be flexible, you can never now every outcome, you just trade what you see. I have closed the other long trade for a 2 pip profit and switched back to sell after I spotted the "twin tower" reversal pattern I encircled in blue
Yes boss! and this is why a trader needs to be sufficiently capitalized to be able to have enough funds left to switch bias
Yes boss! and this is why a trader needs to be sufficiently capitalized to be able to have enough funds left to switch bias
Yes @obinna meanwhile trade is looking good let me hope this is the start of the drop towards the option expiry clusters between 1.1715 and 1.1700
Yes @obinna meanwhile trade is looking good let me hope this is the start of the drop towards the option expiry clusters between 1.1715 and 1.1700
WOW! I just got stopped out, I will carry out a post-mortem on this trade to see what went wrong
