Ended up taking a sell for the following reasons:
-Descending channel being formed
- 61.8 fib being respected
- Descending TL touch
- DXY broke a key daily resistance
Lessons Learned: When taking entries based off the 61.8 alone, use 707 as guidance for SL placement
-Descending channel being formed
- 61.8 fib being respected
- Descending TL touch
- DXY broke a key daily resistance
Lessons Learned: When taking entries based off the 61.8 alone, use 707 as guidance for SL placement
Comment:
Lessons Learned Continued: I failed to manage risk properly therefore resulting in 3% loss rather than 2% and so this caused me to chase the loss even more
Comment:
Even more Lessons learned: Dont change your analysis completely just because someone else says their view, trust your analysis and trust the process.
