My EUR/USD Losing Trade - Watch to see how and why I lost (My 50 Pips a Day Strategy) AndyW Reviews
Please Subscribe, Like and Share! Today I lost my EUR/USD trade and here is why:
1. PMI events on the EUR today expected to be positive, and they were!
2. My fundamental analysis was combined with my technical analysis and I had a confirmation for the EUR to get stronger against the USD based on a strong “shooting star” candle on the 1H, 4H and daily charts which you can see in the video marked in 3 small red arrows.
3. My Stop Loss rate was placed below the lowest previous rate of the shooting star and considered “safe”.
All those conditions were perfect for a BUY position, but even though it was correctly placed, and the EUR numbers were positive, the EUR/USD pair still somehow managed to go down and lose 28 pips.
Those kinds of trades I am willing to lose, because in the long term, those set ups are on my favor and my long-term results are proven.
Yours,
Andy
AndyW Forex Analysis Page: https://www.andywltd.com/forex_analysis/
AndyW Skype: andy.w19731
AndyW WhatsApp: +44 7414 100 686
Видео My EUR/USD Losing Trade - Watch to see how and why I lost (My 50 Pips a Day Strategy) AndyW Reviews канала AndyW Forex Trader
1. PMI events on the EUR today expected to be positive, and they were!
2. My fundamental analysis was combined with my technical analysis and I had a confirmation for the EUR to get stronger against the USD based on a strong “shooting star” candle on the 1H, 4H and daily charts which you can see in the video marked in 3 small red arrows.
3. My Stop Loss rate was placed below the lowest previous rate of the shooting star and considered “safe”.
All those conditions were perfect for a BUY position, but even though it was correctly placed, and the EUR numbers were positive, the EUR/USD pair still somehow managed to go down and lose 28 pips.
Those kinds of trades I am willing to lose, because in the long term, those set ups are on my favor and my long-term results are proven.
Yours,
Andy
AndyW Forex Analysis Page: https://www.andywltd.com/forex_analysis/
AndyW Skype: andy.w19731
AndyW WhatsApp: +44 7414 100 686
Видео My EUR/USD Losing Trade - Watch to see how and why I lost (My 50 Pips a Day Strategy) AndyW Reviews канала AndyW Forex Trader
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