I am a firm believer that when I’m stopped out of a trade it’s for 2 reasons.
Reason 1: a deeper pullback has occurred. This does not mean the trend has changed. Price just pulled back a bit more than expected.
Reason 2: a reversal has occurred. At this point I’m stopped out of the trade and the direction I was once trading in reverses.
In this GBPJPY 1 hour...