Reason:
Other timeframes: Bullish across all timeframes only issue is big downward momentum.
Details: 15min and 30min all creating higher highs and lower lows. Looking for a pullback in to continue move down.
Entry - 1.28707
Initial Stop - 1.28577
Target - 1.29110
Other timeframes: Bullish across all timeframes only issue is big downward momentum.
Details: 15min and 30min all creating higher highs and lower lows. Looking for a pullback in to continue move down.
Entry - 1.28707
Initial Stop - 1.28577
Target - 1.29110
Trade closed: stop reached
Price dropped too quickly after the trade was opened to close a portion of the position. There was a chance to close as price broke 15min low but it moved too quick.I think the main issue with this is that momentum across all pairs, not just GBPUSD was down. So I was going counter-trend.
100% Stopped @ -13.4pips.
Note
Video breakdown available here:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.