Trade Status: Active
T1: 0. 6425
Balance = $29,846 Position size = 1.2 lot ~ 2.5% risk of capital
-Retesting latest swing lows at 0.6500, may act as resistance
-Pin bar at retest
-A major selloff yesterday, followed by a strong bounce, usually we see another attempt following such price action. We have seen several times recently.
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The trade was good, in terms of validity. I have shorted at the main resistance around 0.6500, which i think was an appropriate entry, because you never know what the market will do, you just use your expected key levels to initiate a trade.
However, the one thing i would change about this trade is the stop loss, it was a bit tight.
This trade caught my eye as I was browsing some of the Forex pairs because of where the the short was executed so I was just keen on getting some feedback to counter my thoughts many thanks.