Euro / British PoundShort
EURGBP -1.5% loss
Time of entry: 9am
Reasons for entry:
- Multiple failures to close above resistance
- 2hr 800ema lining up with resistance
- Bearish marubozu as entry
Lessons learned:
- Entry could have been one of the dojis that was failing to break resistance
- I should have used volume after seeing the 4H close with a long wick to the downside, as this had no bullish volume in it and so I would be up about 2% now instead of had a loss of -1.5%
Reasons for entry:
- Multiple failures to close above resistance
- 2hr 800ema lining up with resistance
- Bearish marubozu as entry
Lessons learned:
- Entry could have been one of the dojis that was failing to break resistance
- I should have used volume after seeing the 4H close with a long wick to the downside, as this had no bullish volume in it and so I would be up about 2% now instead of had a loss of -1.5%
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