This pair has been nice to me this past 2 weeks with a total of 3 winners (the green patterns) and 1 loser just now (the red pattern) and price is slowly making its way toward the next level I'll be paying attention to, being the orange box (daily level of support).
If Price gets down there I'll be looking for a double bottom (will need my personal rules met to be a valid entry) to buy that pair. If my rules don't get met, I'll be staying on the sidelines waiting for the next opportunity.
Instead of always reacting, you want to always be a few steps ahead of the market and know in advance your potential scenarios and setups you'll be keeping your eyes on : this way you'll never be taken by surprise (inspite of whatever the market is (not) willing to do) and will minimize risk of errors and making mistakes with plenty of time to prepare each trade!
Have a great friday !
If Price gets down there I'll be looking for a double bottom (will need my personal rules met to be a valid entry) to buy that pair. If my rules don't get met, I'll be staying on the sidelines waiting for the next opportunity.
Instead of always reacting, you want to always be a few steps ahead of the market and know in advance your potential scenarios and setups you'll be keeping your eyes on : this way you'll never be taken by surprise (inspite of whatever the market is (not) willing to do) and will minimize risk of errors and making mistakes with plenty of time to prepare each trade!
Have a great friday !