What if you knew some Forex Psychology tips that help you control the emotions during a trade?
Because there are many common psychological mistakes traders make when they have an open trade.
And… guess what?
If you don’t work on your trading mindset, you will probably end up compromising your success.
The following trade opportunity is the perfect chance to share some Forex Psychology tips that we’ve learned in years of trading.
And when you learn how to improve your trading skills with a particular focus on the trading mindset, then you will become a more disciplined trader.
In this specific trade, we’re using the Breakout Pivotal Bars in combination with the Levels and Zones, and the Sentiment Index, which are all available on TradingView.
Except for a rather weird movement on the last candle of the impulse, by conducting our chart pattern analysis we see a very interesting price consolidation suggesting that the price should continue to move lower making yet another downtrend.
Moreover, all our indicators confirm the same analysis and so, as soon as the trading setup comes, we get involved in this trade.