USTECH 100CFD If we drop from 11568.9 I would expect the price to drop to or close to 10785.8 and that would be my expected TP the SL for this entry would be @ 11626.7. The rest of what I think about the trade is on the chart.
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This looks like an evening star, we probably might be in the right direction.
In trading nothing begins until you decide that is should and nothing ends until you decide it should end/stop.
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As I was back testing, I realized that this current trade is giving me a feel like this trade that took place 11 July 2022. the candle stick behaviour is similar, if i was right with my technical analysis and it surely plays out similar to this than we good.
Order cancelled
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I overlooked everything and, honestly wanted the market to do what I wanted it to do of which I was wrong, because is we look at the flow of this price action we can see than when the sellers were going down they did not leave us any sign in the white rectangle zone so it was naïve of me to think price was going to turn around miraculously with out any repercussions. the lesson here is that don't think for the market don't even try. be accountable to no one but yourself. the plan is simple , become a great trader not a good trader. good traders focus on the profits but great traders focus on the process.
all that being said after a very close look I realized my mistake and where I went wrong. I ought to do better.