Update from previous idea:
okay I had the right idea hahahah but the execution was terrible, stop too tight and TP to shallow so the risk to reward was not worth it at all, I should have risked more and been more greedy lol but we are learning, I just posted a trade from the next day and that one was 10x better. I've realised my analysis is good but the actual trade management needs some work!
if I could take this trade again it would be just above the last full candle close and the TP would be just before the 0.5 for around 40 pips but hey ho I had the right intentions just didn't pay myself!
as far as price right now we are just consolidating at these levels now and the fib is playing out nicely, again I would quite like a short from these levels but I don't think it is worth taking this yellow line has flipped as resistance now and we are still making lower highs so all pointing towards further downside here, targets are looking like the 0.618/65 I might just take the trade to see if it is correct or not and then analyse how it could've been better/ worse.
okay I had the right idea hahahah but the execution was terrible, stop too tight and TP to shallow so the risk to reward was not worth it at all, I should have risked more and been more greedy lol but we are learning, I just posted a trade from the next day and that one was 10x better. I've realised my analysis is good but the actual trade management needs some work!
if I could take this trade again it would be just above the last full candle close and the TP would be just before the 0.5 for around 40 pips but hey ho I had the right intentions just didn't pay myself!
as far as price right now we are just consolidating at these levels now and the fib is playing out nicely, again I would quite like a short from these levels but I don't think it is worth taking this yellow line has flipped as resistance now and we are still making lower highs so all pointing towards further downside here, targets are looking like the 0.618/65 I might just take the trade to see if it is correct or not and then analyse how it could've been better/ worse.
