USDCHF: Risky entry made for long.
Summary
Last week the market moved upwards just like how I forecast it would go. Made an entry a bit too late which makes it really risky. Something I have to fix in the near future. Have to be on a look out for the market to show a retrenchment. I will only enter the trade if the market shows a retrace candle at the fibonacci retracement point at 0.618 for short and also if after the second candle is formed for a better clarity of the market's movement.
Steps to be take
Last week the market moved upwards just like how I forecast it would go. Made an entry a bit too late which makes it really risky. Something I have to fix in the near future. Have to be on a look out for the market to show a retrenchment. I will only enter the trade if the market shows a retrace candle at the fibonacci retracement point at 0.618 for short and also if after the second candle is formed for a better clarity of the market's movement.
Steps to be take
- Set breakeven as the market open so that if it suddenly retraces, you are safe.
- Look for a clear bear flag if Im planning to sell.
- Wait for a second candlestick to form if the market is going to move downwards at 0.618 point.
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.