Could use some insight on the trade I took this morning USD/CHF short.My entry of 1.2905 was on the 50% break of the asian session range of about 50pips It proceeded to reach the low of 1.2875 then it bounced to the high of 1.2955 just were I had my stops . Lost about 51 pips on the trade now the chf is @ 1.2897.. Bad day here!!! Could the reason for the trade lost be because the chf never Preached the 3rd fib line ,and I never saw it because thats the only explanation I could come up with . Just rushed into a trade ... dont know !!