Oh well, I've fabricated a losing trade.
I was shorting EUR/AUD after a pinbar formed at a point where an old resistance, 50 ema and a RN intersect. TDI was not where I would want it, but I would have taken profit earlier.
After initialy running into my direction it turned against me and hit my SL.
As I see it, this is what I've missed.
1. The old resistance allready got broken, therefore its weak.
2. Price made HH and HL so momentary uptrend.
3. R:R was not good, if we look at the upsloping trendline as TP target.
My other open trade is looking better however and I hope it will make up for this one.
I was shorting EUR/AUD after a pinbar formed at a point where an old resistance, 50 ema and a RN intersect. TDI was not where I would want it, but I would have taken profit earlier.
After initialy running into my direction it turned against me and hit my SL.
As I see it, this is what I've missed.
1. The old resistance allready got broken, therefore its weak.
2. Price made HH and HL so momentary uptrend.
3. R:R was not good, if we look at the upsloping trendline as TP target.
My other open trade is looking better however and I hope it will make up for this one.
Thoughts are things