DislikedHi Jarroo, would you say that the loss on this trade is inevitable? Meaning that this was one of those good setups that doesn't work out?Ignored
DislikedHi SC, yes that's the one. Well i was aware of that single bar high. But with such a good set up and that size of BEOB bar I didn't expect that single bar high would present any trouble. Instead I expected the price to went down at least to 1.64 level before it bounced (same as Jarroo analysis). Even when I look back at the trade right now, I still come out with the same conclusion. So I really would like some opinion on this particular trade.
I believe we can learn more from losing trades than winning trades.Ignored
Noticing that once Price hit that bar high (green line) then went up and showed no sign of testing the break was a red flag. This is easy to say after the fact but let me show some high quality setups on the same pair that acted the way their suppose too.
Indicators show the past. Price Action "Indicates" the future.