$100k Challenge - AUDCAD Long - E8 T1 - Trade follow-up
Hey all!
While doing the weekly self-review, I found some big insights about this trade, here are the notes from my journal, enjoy!
Referenced idea
Trade notes
Noticed that the bearish trend line can also be interpreted as a bearish channel. This signals a very clear bearish structure, which hasn’t been broken. The current last low is slightly lower than the previous one, rendering the structure valid.
I must put more attention to details before taking a trade, it has lower quality once the additional patterns were noticed. The overall trade can still play out, but definitely will consider a complete close as it evolves.
While doing the weekly self-review, I found some big insights about this trade, here are the notes from my journal, enjoy!
Referenced idea
Trade notes
Noticed that the bearish trend line can also be interpreted as a bearish channel. This signals a very clear bearish structure, which hasn’t been broken. The current last low is slightly lower than the previous one, rendering the structure valid.
I must put more attention to details before taking a trade, it has lower quality once the additional patterns were noticed. The overall trade can still play out, but definitely will consider a complete close as it evolves.
