EURJPY ±0% hit sl at entry

reason for entering the trade: price was in a down trend on the D and had a pull back to the 0.382 fib zone. There had been a reaction from the 4H supply zone suggesting a move to the downside. I entered in on momentum after the small pull back targeting the previous lows. I moved my SL to entry so didn't take a loss

Reason the trade failed: I think the main reason was i was simply too late to the trade, could have been successful if i was placing a smaller position on the 15M time frame but i was too late to enter a 1H trade. The ideal entry would have been when momentum to the downside was shown at the rejection from 4H supply zone targeting the previous higher low!