Price has been ranging in this box for a while now, I'm waiting for a breakout at 1.54833 so I can go long and continue the uptrend that was happening before. As I cannot see the price falling past 1.51607 - 1.51425 I've decided to enter a long position to previous resistance at 1.53146.
Trade fermée manuellement:
Double top pattern, initially recognised this pattern but suspected it to be a false break. Trade closed manually.
Commentaire:
Price ended up rising, a more generous stop-loss would have been beneficial.
Commentaire:
Lesson learned for the future with this one, price ended up hitting my TP perfectly. The emotion of not wanting to set a low enough stop ended up being my failure.