Hey everyone!
Well, this trade didn't work out as we expected. However, that's the beauty of trading! Win some trades, lose some trades, but always learn something along the way! I think I could have done better on this one as even though big picture I consider we are due for a bearish swing, the timing on the entry could have been better managed.
Perhaps waiting for a stronger confirmation of a bearish push is a good idea for the next time. In terms of what I think of
EURUSD
, I'll continue to monitor its behavior since, as I said before, I think we will see a bearish swing sooner rather than later.
I'm targeting the 1.1200 mark to consider new potential short entries depending on how the market reacts to that area, targeting again the bottom of the range and leaving the second half of the trade running to harvest a potential long-term bearish move.
Anyway, I hope you enjoyed today's update on the challenge!:D
Well, this trade didn't work out as we expected. However, that's the beauty of trading! Win some trades, lose some trades, but always learn something along the way! I think I could have done better on this one as even though big picture I consider we are due for a bearish swing, the timing on the entry could have been better managed.
Perhaps waiting for a stronger confirmation of a bearish push is a good idea for the next time. In terms of what I think of
EURUSD
, I'll continue to monitor its behavior since, as I said before, I think we will see a bearish swing sooner rather than later. I'm targeting the 1.1200 mark to consider new potential short entries depending on how the market reacts to that area, targeting again the bottom of the range and leaving the second half of the trade running to harvest a potential long-term bearish move.
Anyway, I hope you enjoyed today's update on the challenge!:D