DislikedHi everybody! So, I took this trade today morning on GBPAUD (a pair that I do not trade so often), and got stopped out quite quickly. Do you think I did something wrong or do you think it was a valid trade that went to wrong side? I saw a 10ema touch there! Thank you a lot! {image}Ignored
The chart shows me 3 things on the first moment.
The 35 Sma and the 50 Ema are wide seperated ... and the price followd the 10 Ema.
-- So I would give more weight to the 10 Ema at this moment.
You can see a lot of indecision candles with longer wicks on the top before the price drops and breaks the 35/50.
-- so basicly it looks good..
BUT: thereīs one thing why I really wouldn t take this trade blindly.
The higher timeframes.. Did they confirm??
My GA H1 chart tells me it was a classic 50 Ema touch .. a first one.. so very reliable.
So.. final decision for me:
If I had seen it = Nope.. I wouldn t trade against a higher Tf 50 touch -Some do.. some donīt.
Iīm picky
Stay tuned
Guido
Attached Image
Risiko birgt immer auch die Chance.
2