#007 NEW DCA EURGBP SHORT Down Channel Resistance

12 Ara 2024

The chart shown is on the 4H but it doesn't matter if its on the 1H or 4H.

Both time frames show price doing a power move toward the resistance level of the down channel.

I have been eyeing on a few pairs that has this down channel thing, one of the other pair is the AUDUSD and GBPUSD, I think.

Currently, TP is set at 71cents SGD, or 41.5pips. No I wish, I thought, I hope, I pray. No no no.

0044SGT 13122024

Talk less, even by typing because the more we talk, the more we set ourselves up for failure.

0045SGT 13122024

12 Ara 2024

İşlem aktif

13 Ara 2024

Not

Same shet.

Reversed the position for EURGBP from short to long. I have also redrawn the trend lines.

-0.22$ SGD
-0.85$ SGD

Totalling -1.07$ SGD losses.

But same as the USDJPY reversed positions, I have also reversed the positions on EURGBP.

The redrawn resistance trendline would be my new TP level.

I have entered on one position of 200 units. Multiplier.

I kept my multipliers to the minimal and only used them when neccessary. I think this is not much of a multiplier, but to reverse the position instead. Real multipliers would be when I double the position size whenever I reverse my positions each and everytime.



0041SGT 14122024