Well my fellow traders...Another loss another lesson.
Listen up!..
recently took a trade on cadchf on 15M , lost 40 pips on 2 trades. each 20 pips. But what went wrong!!
Analysis.
1. On the Monthly chart we are just out of a demand level.
2. On the H4 we are inside a supply level(when the trades were taken).
3. On the 15M which side do you pick ,Supply or demand?
See the charts for the answer.
Experts comments welcome!!
Listen up!..
recently took a trade on cadchf on 15M , lost 40 pips on 2 trades. each 20 pips. But what went wrong!!
Analysis.
1. On the Monthly chart we are just out of a demand level.
2. On the H4 we are inside a supply level(when the trades were taken).
3. On the 15M which side do you pick ,Supply or demand?
See the charts for the answer.
Experts comments welcome!!