Hi everyone! I'm a bit new to trading, and just trying to apply all that I read and study. With that being said, this is not an idea for trading or for you to trade based upon. I wanted to share a trade I made last night on NZDCHF
. I noticed an uptrend here since the 14th of this month, drew out support and resistance
levels and noticed that yesterday the price broke out the resistance levels. I placed a few positions in and profited but as I have learned I "looked left" and notice previous resistance levels from last month and earlier this month. Marked that previous resistance levels and set it as my profit target, and went to sleep. I woke up this morning to find that the price hit that resistance/take-profit and dropped. and hasnt gone back up. So for now, keep an eye out on the previous resistance level
and trade what you see not what you think!