GBP/USD 5M
EUR/USD 1HR
You can see GBP/USD 1st chart, breaking above the box. As you know I do not wish to trade against the trend. Unless it is breaking big support/resistance.
If you shorted the Euro 2nd chart as it resumed its trend going below the trend line, it just barely broke the trendline twice, you would be up about 150 pips right now at 7 AM.
Lesson: Use against trend retracement breakouts as an opportunity to LOOK FOR trend resumption trading opportunities!! Not to trade against the trend!!!! I missed this shorting opportunity.
Today is NON Farm payroll friday. A good day to stay out of the market.
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