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GBYJPY - Buy (Small mistake) COSTED A LOT

GBYJPY - Buy (Small mistake) COSTED A LOT

I always start with the fact that fibs do not lie, I mean that with every ounce of faith I have. God created fibs not just for forex but for nature in general. Look up the Fibonacci sequence if you don't understand what Im talking about.

What happens often is identifying which leg broke structure, where does the leg begin?
My mistake here was I ran my fibs from the bottom of the chart rather than where price broke structure.
Back to the drawing board to perfect my craft.

from Trading Ideas
via gqrds

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