Price did a possible H&S on the daily market including on the H4 market which are good possibilities for a reversal on the market and a long hold. TP was calculated by finding the closest support zone on the daily and the SL was calculated using the head in order to give enough breathing room for the market for the possible hold. MACD is moving to the negative as well as a possible EMA crossover (10&20)
setup failed. in this instance one should have closed the trade once it has reversed or have moved the SL above entry point in order for the trade to be on break even