DislikedHello MozarTT
The area you went long is an area where there was demand on 2 or 3 previous occasions so I think demand may be exhausted in that area. But the driving force on e/u right now is supply. Just look at the overall trend by pulling back to a 4 hour chart or daily chart. Your long was counter trend overall. It is probably better to look for shorts in areas of supply (with the trend) rather than longs in areas of demand (against the trend). IMHO. This is how we learn so keep banging away at it. I have been trading for 3 years now...Ignored
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