The Pound Price made a Bullish retracement in a straight parallel line to the 0.5lev of the fibonacci coupled with the the double top formed previously.
I Highlighted two points of possible retracement i.e the 0.618 and 0.5 levels for possible entry.
When price broke out (fake out) at the o.618 I entered the trade which ended up being fake and took support at the 0.5lev where my stop was.
This was a FOMO trade and totally misjudged and impatient for Price.
Better Concise, Patience and Luck next time 💪🙌
I Highlighted two points of possible retracement i.e the 0.618 and 0.5 levels for possible entry.
When price broke out (fake out) at the o.618 I entered the trade which ended up being fake and took support at the 0.5lev where my stop was.
This was a FOMO trade and totally misjudged and impatient for Price.
Better Concise, Patience and Luck next time 💪🙌
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.