I'm not much of a teacher but here is a very good example of what not to do. From a trade I took earlier where I didn't follow my strategy and rules with the discipline that I should. My entry was too early, I'm still in the trade but I could have a better RR and be in profit already. Anyway everything is on the chart.
Trade Safe = stick to your strategy and...
It was a really good set up to short this pair but I missed the previous 2 entries so I am not rushing in. If the pullback doesn't happen, that's fine, there thousands of other trades out there. Don't run after the trades, let them come to you and stick to your strategy.
Watch this pair closely this week, what to expect :
1) Quick bounce will happen if the support is strong and the price will retest previous broken trend line.
2) Otherwise the price will build up around it and eventually break downward to reach those Fibo.
Definitely a pair to watch this week.