@kiraforex You bought in a bearish structure where no signs of any bullish reversal was in place
You should have atleast wait until that last high is taken out.
Majority of struggling or failed traders are guilty of this two important rules
-Dont risk more than 1 percent of your capital on a trade.
-Dont over trade
You want to be successful longterm, respect this rules.
https://t.co/ceuVWQ6kZW trading desperation is so counter productive.
To succeed you must be taking those trading decisions under a very calm mind even in the face of drawdowns.
Your mind is the key -it must be unperturbed and betting small helps achieve this.
When you need clarity in chart analysis switch to the weekly chart and everything becomes effortlessly clear.
#usdcad weekly chart is a stereotype.
#Trendfollowing
#usdcad we got that weekly upside breakout amid strong dollar momentum and a double bottom pattern triggered. Weekly resistance now at 1.45....level.
We remain long
#Trendfollowing
#usdcad double bottom setup got triggered.price currently testing the neckline of another but bigger double bottom. we may likely get a shallow pullback from this level before any possible upward breakout.
#CHFJPY price currently trading in between a range that can typically be view as a distribution process.
The long term trend remain bullish,but a sustained daily close above the last high is needed to signal any chance of bullish continuation.
-Identify trending market on HTF
-Wait patiently for a good entry point in the direction of the major trend on 4H
-Got your entry
-Risk small
-Make your SL market structure reliant.
-Disconnect emotionally
-Let's the price lead your way.
The secret to success in trading is trading small,this ensures that you stay in the game long enough for your edge to work out for you.
Staying in the game is the aim of every professional trader and profitability is merely a byproduct of this.
#CHFJPY price currently trading in between a range that can typically be view as a distribution process.
The long term trend remain bullish,but a sustained daily close above the last high is needed to signal any chance of bullish continuation.
My watch list
$Usdcad - double bottom bullish reversal in play.price presently cooling at the neckline.
#NTH25- Double bottom in play.
Breakout already on lower time frame.watching for RSi break above 60 Line on 4h.