Hope someone can take the time to look at this. I am a event trader trying to learn how to channel trade.
Looking at the EUR/CAD Daily
Saw what I believed to be a very nice pattern as the pair gets down to the Bolinger the RSI was down to 37 and working it's way up the PKS was down to 16.2 and coming up. I have two days pushing up with some retractments. It's now Aug 29th And I go long about 1.4220. It is now down to 1.4152 I was stooped out about 1.4149. Which I figured was safe.
The question "finnaly" What happened. I can't find any fundamentals and no simalar pattern that I see for the last 9 months.
Sure would like to know where I went wrong or was it just my turn in the barrel.
Thanks
Looking at the EUR/CAD Daily
Saw what I believed to be a very nice pattern as the pair gets down to the Bolinger the RSI was down to 37 and working it's way up the PKS was down to 16.2 and coming up. I have two days pushing up with some retractments. It's now Aug 29th And I go long about 1.4220. It is now down to 1.4152 I was stooped out about 1.4149. Which I figured was safe.
The question "finnaly" What happened. I can't find any fundamentals and no simalar pattern that I see for the last 9 months.
Sure would like to know where I went wrong or was it just my turn in the barrel.
Thanks