EURCHF 45m, a quick review on why the TP was too much extended!
Hi all guys i m going to share this little review cause i ve learned from this mistake and maybe can you too.
i ve upgrade a bit the analysis so one or two lines that would had make the difference.
I was in this beatiful trade and hold for one day till the magic point where i was siiting on net 100 pips but missing some lines structure i haven t closed the trade and this come back very nearly the entry point i ve manage to close with only 30 pips.
This clearly annoing and hurt a lot cause beatiful trade beatiful push down out with 100 pips was super great but nothing!
so here the right structure with a potential tp to the the base of the channel but consciuos that at certain point the trade can reverse.
First line is the TL inside the channel that match the with the pin point reverse
The second one is the support line in the middle of the daily range that match too with the pin point where my trade shift direction aggressvly.
i ve upgrade a bit the analysis so one or two lines that would had make the difference.
I was in this beatiful trade and hold for one day till the magic point where i was siiting on net 100 pips but missing some lines structure i haven t closed the trade and this come back very nearly the entry point i ve manage to close with only 30 pips.
This clearly annoing and hurt a lot cause beatiful trade beatiful push down out with 100 pips was super great but nothing!
so here the right structure with a potential tp to the the base of the channel but consciuos that at certain point the trade can reverse.
First line is the TL inside the channel that match the with the pin point reverse
The second one is the support line in the middle of the daily range that match too with the pin point where my trade shift direction aggressvly.