Kinda Self-explanatory. Price hit a major breaker. The goal is for the take profit to beat the current low and the stop loss to be just above the current swing high. Plus it just changed sentiment and when measured with a fib, it's already bounced off some key levels. Maybe expect it to get a little higher at the cluster of breakers but there is where I would expect a major sell for 80-90 pips.
Trade closed: stop reached:
And that was a huge fail. LOL. Oh well.
Comment:
It did hit another breaker possibly worthy of selling. A little more analysis and I'll see. It's election night though, I may just stay out for the night.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.