Trial 2: Looking for Price to Push down to 1.780000
I got in on sells again once H1 closed below 1.79740 confirming that price isn't ready to break to the top side yet.
With this conclusion, sells seemed more valid to me.
Description is on the Related idea
With this conclusion, sells seemed more valid to me.
Description is on the Related idea
Trade closed: stop reached
If i lined up my trend line on the H4 wicks i would have seen a potential bullish momentum still in the market. This would have invalidated my trade which means i would have had to wait for a breakout from 1.79540 which has been a super strong level to hold the bearish momentum at bay for 19 hours. In short, this loss was because i was unwilling to see more than what i thought would happen.