DollarBuddha

4001 (A/U) Range Break & Pullback Reversal to 0.7800

השכלה
DollarBuddha מעודכן   
OANDA:AUDUSD   דולר אוסטרלי/דולר אמריקאי
---- ANALYSIS ----
-- (8h) Two large Bullish candles rallied price to 0.7870 level
-- Price has since stalled and ranged between 0.7870-50

---- STRATEGY ----
-- Price expected to return to 0.7800 level
-- If price breaks range and moves below 0.7850, then Bearish entry is valid.

---- ACTIONS ----
-- Placed SELL(+50/-25) at 0.7844
הערה:
---- IN TRADE ----
-- Entry was triggered at 10am, but was a whip-saw of news-related price action.
-- As of 3pm, price has drifted steadliy into more negative territory.
-- Decided to close position as-is with -9pip loss.
הערה:
---- EXTRA ----
-- via TradingView's published ideas feature, was able to check out another person's analysis which spoke of a possible bullish turnaround from the bottom of a 300pip channel.
-- This also influenced me to exit early and reset the entire trade...
-- (Interesting feature..!)
הערה:
---- EXTRA ----
-- Upon further review of the other person's chart:
-- -- I feel his analysis is somewhat off...

-- he talks about price bouncing off of a (sketchy) descending parallel channel, when the more likely (and more concrete) explanation is the bouncing off a 100-level.
-- Again, very interesting TV feature that (emotionally) affected my trading judgement.
-- Will be more mindful of this during my In-Trade moments...
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.