FX:EURUSD   Euro Fx/U.S. Dollar
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this one I believe is as right as rain. It is against the major trend. But the zone is in the right place and it gave a huge spike up. However, and this is the most important part. Even though this is a favorable picture for a short term trade, if there are little or no orders left to buy then when price gets there it can easily fall right on through the level. So if you do get a little bounce I wouldn't hold out for a real big profit here. It may go to the moon but the situation doesn't say so.

Even though you have good price analysis, it does not matter. It does not reflect your genius. It simply means the orders were not there is all. Simple as that. Trading psychology is a powerful thing and hits us all in the guts. The key information we need is hidden from us. There are laws preventing the people that know from telling us, not that they want to. That is where the buy and sell orders are. So even the very best analysis is only that. Analogy.

One still has to hope there are enough orders to move price at that area.
There you go.
That's how its done.
Good job.
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