Dislikedwas anyone else looking at gu at 8am gmt this morning?
Perfect short entry or so i thought. Got down and bounced horribly off the low. Now its after bursting up through the high. Im down 50 pips or so...
Thoughts?Ignored
The short you took should have been treated as scalping because the price action is above the decision zones, I was also in the trade but treated it as scalping and out with 21 pips as i was waiting for what the price will do at the levels zone which indeed there was a bounce off and which is good for buy.
We need to watch and interprete what the price action is doing so that we dont burn our fingers while taking a position.
The swing fib gave a short but the target was not reach,it indicate that the buy bias still has momentum and if closely watch you should have waited for the buy.
Olorunloniemi.