The breakout power was not as strong as I thought. Although the trade was in the money, it was kind of risky.
Confirmation of entry was set a bit tight. Should have set that lower.
Using Fibo and trendline to follow the trend.
Previous support levels got me worried a bit but it turned out bears had enough power to push price down.
Seems easier to find a spot to enter a trade for EURJPY than EURUSD right now.
The bullish candle that passed through confirmation level might be too large. It was kind of close to the next resistance level.
Kind of risky as there were perfect indecision candles at Fibo 1.27 showing bullish power wanted to take over. But still, believe what clues price left you with. Only having indecision candles at Fibo 1.27 is not enough for a reversal. If there was going to be a reversal, a strong bullish candle should appear after indecision candles. However, a strong bearish...
Even though a small Fibo retracement can give you a beautiful trade. Entry point and confirmation of entry is very important here.
The candle at 18:06, which passed through my confirmation was actually not strong enough. Although I caught another pullback, this one is not as beautiful as the one before.
Thought that price would reverse at Fibo 0.786 but it finally reversed at Fibo 1.618.
Fibo 1.27 holds the price strongly here. There are many times price gets stuck at 1.27.
Actually the indecision candle at 21:40 not even passed the support level. Price seemed to reverse at Fibo 0.786 level.