Price had been consolidating for a month and had a strong daily close above the resistance. My entry was the second retest of the support so the double bottom. It was risk on however the DXY was having its pullback so that may have been the cause for getting stopped out.
I entered after the bearish engulfing on the 1H which shown failure to close back below support. Unfortunately it was a fakeout and i ended up getting stopped out.
Lesson learned: If the entry isnt perfect, leave the trade, there will be another, money is made by not trading.
I entered after the bearish engulfing on the 1H which shown failure to close back below support. Unfortunately it was a fakeout and i ended up getting stopped out.
Lesson learned: If the entry isnt perfect, leave the trade, there will be another, money is made by not trading.