How did you know that the 1.106 was a strong support level, I thought 1.119 was stron resistance so I placed a short order, I was so wrong! Please tell me how did you know it was going to go up, whats the steps in your technical analysis?
When trading... technical analysis, i look at higher time frames, put in my support and resistance lines, since on higher time frames the support and resistance lines are much stronger in the case of EUR USD... the trends are longer and moves are bigger... Therefore, the 1.106 resistance line, became support once the market broke through. When the market came down into this structure i bought... following that, the market creating another support level, and i bought that too... check the market now... Many pips profit.
I will soon be teaching all my technical analysis, currently creating a portfolio. Stay tuned!