exit by plan
Apply the same methodolgy
all kinds of people show their face.
Yes the first trade was a loss, and we exit very well
then the same pattern just shows again,
Do you dare to trade the pattern again? Are you able to find this trade?
or do you just sit there and do nothing, wasting your time to comment" good trade or bad trade?
1.1305 short one more time
(Disclaimer*** I am not saying I am definitely right, this is just MY IDEA they MAY be helpful)
The first place that I think this trade went wrong was making a complete analysis off just the 1 hr chart. If you went to the 4 hour or the 1 day chart, I think you would have seen that there are other major key levels to focus on as support and resistance and on the 1 hour chart it was just in a range which makes the probability of the trade be less likely to be successful.
I think to make a more accurate trade would be to be more patient and wait for the pricce to reach the more major key levels on the higher time frames and then use the one hour to make an entry and target price.