NZDJPY. THE MOVE YOU SAW AND THE PATTERN YOU MISSED
There's nothing much to be said here
The bullish move by the NJ was fueled by the FOMC release and Reverse head and shoulders pattern.
These things are quite hard to spot mainly because the books we read on them suggests it looks or should look a certain way.
Understand that
The market is not 100%
your Trade will not be 100%
The movement of price is not clean
Even in a downtrend you will see buying opportunities
Nothing is written in stone
Trying to fit the market into ones analysis will not assure you profit
In this business, you are a trend follower not a trend starter.
Your Ebook suggests that a Chart pattern should look a certain way before it'll be considered valid
welp!! that's not how things are.
The market is evolving, your strategy is evolving and in turn, you are evolving.
The bullish move by the NJ was fueled by the FOMC release and Reverse head and shoulders pattern.
These things are quite hard to spot mainly because the books we read on them suggests it looks or should look a certain way.
Understand that
The market is not 100%
your Trade will not be 100%
The movement of price is not clean
Even in a downtrend you will see buying opportunities
Nothing is written in stone
Trying to fit the market into ones analysis will not assure you profit
In this business, you are a trend follower not a trend starter.
Your Ebook suggests that a Chart pattern should look a certain way before it'll be considered valid
welp!! that's not how things are.
The market is evolving, your strategy is evolving and in turn, you are evolving.