Fail To Win- FAILED BULLISH TRADE ON DXY

1 Eyl 2021

Now I'm learning to love my failures with trading because with them I find knowledge, advancement, and growth. Here on the 2h chart I placed a buy trade in a sellers market!! How hurt but happy I was to see it fail. Now on my weekly analysis for this pair, I analyzed price being bearish for the week. Why did I go bullish? Well, the overall market for DXY is bullish but price has now made it to strong supply area for a pullback. When I saw price hit a good demand area, I went for a buy in thinking it would take price higher. That was a lie. What I learned from this is to keep my bias from my higher timeframe perspective!! Always.