We live in a excess information age right now. Anything you searched online (almost) churns out pages after pages of articles, videos, graphs, etc that you can make reference to. In fact, I think is way too much. It is like being led down the rabbit hole and you get lost along the way, forgetting your initial objective. Some get themselves locked into a analysis paralysis stage where they counter their own arguments and ends up doing nothing! So much for brain stimulation works !
So part of the reasons I love charts is it is so much straightforward. It saves time too. Here, I see the bullish trend being broken down, Fairly tricky, as it traps the early short sellers and they kind of know where you would place your SL. You would be saved if you place it higher albeit higher risk at 67.76 and above.
Then, it presents another opportunity on 31/03/20 at 1700 hours. I know how you feel to be taken out , suffered a loss and it is painful. Some traders dwell in this zone for too long and find it hard to get out of the pit , imagining the worse is going to happen the next time again ! It becomes a love-hate relationship.
Other traders, over time got used to it , so long as they are in control (more wins than losses).
Fret now, I see a 3rd shorting opportunity next week, guys ! Price action is now locked in a sideway moves. Wait for it to breakdown 64.89 before you sell. Be patient , wait for the move as it can continue to whipsaw in the rectangle box.
So part of the reasons I love charts is it is so much straightforward. It saves time too. Here, I see the bullish trend being broken down, Fairly tricky, as it traps the early short sellers and they kind of know where you would place your SL. You would be saved if you place it higher albeit higher risk at 67.76 and above.
Then, it presents another opportunity on 31/03/20 at 1700 hours. I know how you feel to be taken out , suffered a loss and it is painful. Some traders dwell in this zone for too long and find it hard to get out of the pit , imagining the worse is going to happen the next time again ! It becomes a love-hate relationship.
Other traders, over time got used to it , so long as they are in control (more wins than losses).
Fret now, I see a 3rd shorting opportunity next week, guys ! Price action is now locked in a sideway moves. Wait for it to breakdown 64.89 before you sell. Be patient , wait for the move as it can continue to whipsaw in the rectangle box.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.