See daily chart of EURJPY below for the discussion that follows.
EURJPY is close to a support area that I like. If it can move a little lower and and I see signs of a reversal in terms of candles, I will be going long.
I went long on GBPCAD (post from last week) based on an indecision candle that formed on the daily, but got stopped on the very next session. This happens, a lot. All I can do is move on to the next one. It’s all good as long as I traded my plan.
Remember to always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Honor those stops and never ever bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS