If you could be so kind to review this
EUR/USD:
Finally a break of the highs after a few weeks and a retest of the zone. HH's,HL'S,HH's: bias is buys.
Next, since I am looking for buys, I want to be looking for pullbacks (Would be good if I got a comment on channel size):
Finally, I see a small divergence, a sign price 'could' go up. Price breaks channel, I wait for a test of the '1' on the fib near a strong resistance/support zone. Enter on a pin bar. Stopped out BADLY .
What I learned: CHECK THE NEWS. News is revolving now around USD and I was trading EUR/USD. Another tip for myself is maybe wait for another HH and HL, rather then taking a trade-off the first retest of the broken support now resistance. I could also be TOTALLY wrong about how I was thinking about this trade, would appreciate any feedback
EUR/USD:
Finally a break of the highs after a few weeks and a retest of the zone. HH's,HL'S,HH's: bias is buys.
Next, since I am looking for buys, I want to be looking for pullbacks (Would be good if I got a comment on channel size):
Finally, I see a small divergence, a sign price 'could' go up. Price breaks channel, I wait for a test of the '1' on the fib near a strong resistance/support zone. Enter on a pin bar. Stopped out BADLY .
What I learned: CHECK THE NEWS. News is revolving now around USD and I was trading EUR/USD. Another tip for myself is maybe wait for another HH and HL, rather then taking a trade-off the first retest of the broken support now resistance. I could also be TOTALLY wrong about how I was thinking about this trade, would appreciate any feedback