GBPJPY -2% Loss
Time of entry: 11AM
Reasons for entry:
- B&R of Daily key level
- Messy double top
- 50 fib rejected
- Downtrend
Lessons learned:
- I missed my ideal entry for the trade where the orange box is
- Entry wasn't perfect so i shouldn't have taken it
- Ideal entry here was wait for the 618 to be touched at least, that way i have took advantage of the stop hunt
- I should have taken the double bottom into account, this was even more significant because it was to the 800 EMA
- Completely forced trade tbh, it didnt look good, RR wasn't the best and i was forcing trades for other people
Reasons for entry:
- B&R of Daily key level
- Messy double top
- 50 fib rejected
- Downtrend
Lessons learned:
- I missed my ideal entry for the trade where the orange box is
- Entry wasn't perfect so i shouldn't have taken it
- Ideal entry here was wait for the 618 to be touched at least, that way i have took advantage of the stop hunt
- I should have taken the double bottom into account, this was even more significant because it was to the 800 EMA
- Completely forced trade tbh, it didnt look good, RR wasn't the best and i was forcing trades for other people
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