In this environment , it's not good to be in a position , Price can go up/down in any moment . When you see currency pairs with a lot of levels , stay away , observe price action and wait for more traders to come.
Major Downtrend , okay we will trade with trend , but where is the perfect pullback in downtrend , Fibonacci maybe ? No no no , where you will put your stop loss , Above previous highs , no no no . Stop chasing , looking for ideal strategy , there's no ideal strategy. Become perfect investigators. Everything you need is right at your eyes , you just need to know what to look for.
Major Downtrend , okay we will trade with trend , but where is the perfect pullback in downtrend , Fibonacci maybe ? No no no , where you will put your stop loss , Above previous highs , no no no . Stop chasing , looking for ideal strategy , there's no ideal strategy. Become perfect investigators. Everything you need is right at your eyes , you just need to know what to look for.
Note
If go long , you will be stopped by strong resistance , if you go short , you will be stopped by support. Know when to not trade , 99% of casesNote
Wow
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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.