Hey guys, I was trying to decide between UCHF and GBPUSD this morning. I just hated to short the CHF, so I went with GBPUSD. I would have lost on either trade (and in reality I probably should have taken both and thus lost on both).
To the GBPUSD, was it a good trade that just lost or did I completely over look something? It still looks like a good trade that just lost, but I know I have a lot to learn.
Entry: 1.6320
SL: 1.6350
TP1: 1.6220
Reason for entering: Daily S/R at 1.6300 and this area fell right between the 50 and 61.8 Fib retracement.
Chart:
To the GBPUSD, was it a good trade that just lost or did I completely over look something? It still looks like a good trade that just lost, but I know I have a lot to learn.
Entry: 1.6320
SL: 1.6350
TP1: 1.6220
Reason for entering: Daily S/R at 1.6300 and this area fell right between the 50 and 61.8 Fib retracement.
Chart: