15M showing overall uptrend. Gong down to the 3M, we see a V formation and money spot area.
Entered Long here. I haven't see price ranging in 3M area. Did I entered too early? Will let this trade run a bit and we see. I should have waited a little more.
Feeling: Not too confident. Might hit SL. Standing by for now.
I'm starting to see a ranging forming. Feeling: confident. Waiting for further price action.
SL got hit. Standing aside for now.
Looking at the 15M TF, I see that price is shooting much lower to an area of support. I'm wondering, are the sellers already wanting to push the price back down so soon? I'm expecting buyers to kick in from this support area. Standing by and watching for now.
Post Analysis
Price has gone through the support line. Going back to correlation. GBP is -5 while CHF is +7. Clearly this is a downward move. I have failed to check the correlation before a trade is entered. This sums up the PA for this trade. I will keep this in mind for the next trade.
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