Could someone explain, why this EURUSD touch trade failed ? I entered because I saw on M5 double top and large bearish, engulfing candle. Thank you.
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DislikedCould someone explain, why this EURUSD touch trade failed ? I entered because I saw on M5 double top and large bearish, engulfing candle. Thank you.Ignored
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Dislikedeurusd trade
15m 10ema, 5m and 1m price action,
SL 12
TP in S1
The price
the price moves sharply upIgnored
DislikedI could say that M15 35/50 were relatively flat and that means that trend is weak. Also to add more, 10 EMA wasn't steep enough. I suggest you to use a fixed scaling by 150 pips for better judgement... Just 2 cents.
P.S If you have looked more in H4 TF, there were many S/R, that could have blocked your trade.Ignored