Salam and Good Day!
As per my previous post of EURUSD : https://aotmbysalamtrader.blogspot.my/2018/02/analysis-of-market-eurusd-13th-february.html
This is the postmortem of whyyyyyyyyyyy i failed.
1) The FMCBR CB1 break i chose was from H4. But apparently, if we watch closely at DAILY! CB1 has broken and the market didnt even break the TP1 Zone. Haiyaaaaaaaaa.. I need to be more flexible to change the trading idea on the spot!
Here's the corrected Fibonacci RT. (From CB1 Daily)
See. DID NOT break the TP1 Zone. Sigh. Nevertheless, another clue that why the market went up is in the green square. SOMETHING has happened there @ a smaller time frame. H4? NOPE. Look at H1
2) H1 has DIVERGENCE! DANG IT.
See there's divergence which signifies WAVE 3 and WAVE 5. what kind of correction from daily TF is this?? Could it be FLATS? The movement was WAVE B which is 90% retracement from wave A!
Maybe? Maybe maybe.
3) H1 at the zones where the market should have shorted. THERES NO SELL SETUP AT ALL!
Lets have a look.
Right? No setup to sell at the 2 previously predicted zones...... If we look at the AO, theres an increase of Momentum.... so do not sell!
That's what i found. How i failed the analysis last week.
Lets be a better trader! Patience.
Cheers! and Have a great day!
SalamTrader.
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