week16 EURGBP D1 ( BE +2) failed trade failed conviction

D1

This trade is the right bias , having first identified a bearish kicker off a confluence of key resistance.

However, after looking at other’s analysis of eurgbp, I was swayed and decided to exit break even at the next chance.
After break even, price eventually expanded at the right direction.

My lesson learnt from this trade was to be responsible for all my trades, regardless of the outcome. This is so that I can continue to improve on the overall process of trade identification. trade execution to trade management. Having secured profits based on individual trade analysis strengthens conviction and confidence, whereas wavering from own’s analysis and following others will eventually lead to a loss in faith and direction of one’s skill.

week16 EURGBP D1 failed trade BE 190414

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