Went long thinking that because of a valid Bullish Engulfing (HL),it was going to continue in that trend. Ended up losing this trade because I failed to see that a HL low was created. I also chased price seeing that the Daily and H4 were in a strong Bullish trend. Didn't follow my own rule of "Wait for a pullback/retracement to get back in with the trend". Was structure broken that signaled a new trend?
Comments
piptamil
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Hi what is your entry price??
Matt06
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@piptamil, it was at 109.513 and got stopped out at 108.753.