In 4H chart, after price action bounced up after hitting cloud bottom, I was always looking out for a reversal sign (note: again, was I biased??). I identified several possibilities of resistance:
1. 2/3 retracement, approx. 1.4608
2. Top of cloud, approx. 1.4630
3. 80% retracement, approx 1.4661
4. EMA200 on 4H chart
While observing price action around the first few options, there were no clear sign of weakness (although it always showed a few fake moves). Finally I thought it should not break the EMA200, and even it does, won't be by a big margin, else it would be break the small white x. So, I placed an open short order around EMA200.
When I wake up, there wasn't anything in my "Open Position" window. But that was just because my order had been matched, and SL triggered T_T
Lesson learnt? Hm...I don't think it's so wise for a beginner like me to put an open order just like that? Not until I can forecast the market rather better.
By the way, I didn't fail to notice a nice reversal sign on 4H chart, a Dark Cloud Cover was formed! But due to technical problems, I couldn't place an order -.-
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