Hello everyone,
I'd love some input on this last day of trading the EUR/USD (8th September 2023).
Towards the end of this trading session we had a nice move up. However, i totally missed it as we had two prior rejections at VWAP (see screenshot). When the rally went from 1.07014 to 1.07435 i totally missed it as i had a short bias because of the two prior rejections. There was a little pullback to the level of the first rejection and then boom, it took off pretty hard.
My question is... how do you catch these ? I'm still learning and would love input from experts. :-)
What have i missed ? I imagine you can't really anticipate these. But what would give you the signal of "OK, i'm going in, this is going to go high" ?
I appreciate your feedback.
Cheers
I'd love some input on this last day of trading the EUR/USD (8th September 2023).
Towards the end of this trading session we had a nice move up. However, i totally missed it as we had two prior rejections at VWAP (see screenshot). When the rally went from 1.07014 to 1.07435 i totally missed it as i had a short bias because of the two prior rejections. There was a little pullback to the level of the first rejection and then boom, it took off pretty hard.
My question is... how do you catch these ? I'm still learning and would love input from experts. :-)
What have i missed ? I imagine you can't really anticipate these. But what would give you the signal of "OK, i'm going in, this is going to go high" ?
I appreciate your feedback.
Cheers