Total: 1.6 R
Trade 1
Here is my very first trade.
Price broke a descending Trend Line and tried to check 1.30. Price has been rejected and pulled back to test PPZ at confluence with 50% Fib forming a DBLHC (6 pips gap between respective lows).
Reson to spend the trade:
1) DBLHC
2) Fib 50%
3) PP
FTA 1.30
STA 1.31
Emotion before trade: A bit worried since I am terrified of the 1.30 just close to the entrance point and b/c I would like to have seen a swing that is better,but generally the PA respond to my trading plan, therefore I have to thake the transaction...I am respecting the trading plan....so no fear.
Comments: Price broke 50 ema 15 weeks ago. . .just to mention but isn't relevent in order to spend the trade.