On the daily timeframe, the market was in a bearish move. Therefore, my trade was wrong.
Always look at your daily and even weekly timeframe to know if its bearish or bullish. In this case, I should have waited for a SHORT opportunity due to the fact that CADJPY was in a BEARISH Trend on the daily and even weekly.
Always look at your daily and even weekly timeframe to know if its bearish or bullish. In this case, I should have waited for a SHORT opportunity due to the fact that CADJPY was in a BEARISH Trend on the daily and even weekly.