Too late to get in ?
If you're like me you sometime wonder if you're too late or have the fear of missing out on a trade.
Keep in mind there is no such thing as a perfect entry.
On this image of USDJPY, we have a 4h uptrend being reverse by a head-shoulder pattern. Our concern here is the big red candle on the latest shoulder. such a sudden bearish move can discourage most traders to get in on a trade because they think it is now ''too late''.
In this situation, adding a short order would of been profitable.
To give yourself a better idea, try zooming out to a longer time frame to see what's going on in the larger picture.
Here all the action took place on a daily (close to a monthly) resistance.
Now all these facts point to the same direction... SOUTH.
Keep in mind there is no such thing as a perfect entry.
On this image of USDJPY, we have a 4h uptrend being reverse by a head-shoulder pattern. Our concern here is the big red candle on the latest shoulder. such a sudden bearish move can discourage most traders to get in on a trade because they think it is now ''too late''.
In this situation, adding a short order would of been profitable.
To give yourself a better idea, try zooming out to a longer time frame to see what's going on in the larger picture.
Here all the action took place on a daily (close to a monthly) resistance.
Now all these facts point to the same direction... SOUTH.
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.