TRADE: This is a swing short entry. I entered this trade a while ago, (look at my previous ideas), but exit it because I didn't had the balls to pull through. This is just another entry opportunity.
THE PROBLEM is because of many opinions it might play around. Therefore I will have a wide stop-loss above my resistance line to prevent getting kicked out....
Double Bottom - Weekly Ranging buy
Breakout of H1 Trendline and a quick retest.
Might have waited for a few hours for a better retest, but the psychological angst of missing a good trade kicked in. Now I am in the trade with a wide stoploss, because this pair WILL kick you out of a poorly executed trade.
REASON FOR ENTRY: The hourly quick retest candlestick was...
This is a buy against the trend while I wait for a possible retest at the weekly support.
Good risk to reward ratio.
I entered the trade after the retest at support with an H1 bullish pinbar candlestick.
Short Term Sell to Support from the Daily Trendline Breakout. Long Term Uptrend.
Note to self: Made one published mistake so far, but I didn't make money with any of my trading ideas. With this trade I will have to focus on discipline.