@Sudheer16772020 Sudheer,
If you have taken this trade as per your trading plan, then don't worry about post mortem & treat this as just one fail trade and move on. You cant have all the trades right & its ok to have a wrong trade.
However, if u ask me, I wouldn't trade here. Here is why -
1/n
If you have taken this trade as per your trading plan, then don't worry about post mortem & treat this as just one fail trade and move on. You cant have all the trades right & its ok to have a wrong trade.
However, if u ask me, I wouldn't trade here. Here is why -
1/n
@Sudheer16772020 1. This trade is neither at supply zone nor at demand. Its right in the middle
2. Moving average curve is flat & there is no momentum
3. Context (in the left) says that price broke recent swing low (point 1) but didn't sustain below it
2/n
2. Moving average curve is flat & there is no momentum
3. Context (in the left) says that price broke recent swing low (point 1) but didn't sustain below it
2/n
@Sudheer16772020 4. During the pullback to EMA21, all attempts by bears to pull price down (broke prev day low) failed. See red arrows. This means bears doesn't have strength
5. Same thing happened in ur case. After short price didn't follow through which is a signal that it may not fall
3/n
5. Same thing happened in ur case. After short price didn't follow through which is a signal that it may not fall
3/n
@Sudheer16772020 Basically, the price has given enough hints that it wouldn't fall. Despite of all this, if you had taken a chance, its ok and its part of your learning curve. Dont worry much & carry on with your plan. Hope this helps.
4/4
4/4
