GBPUSD - Bearish pinbar at sideways resistance
Entered with hesitation ( I guess that's what happens when you son't have a clear plan!).
There was quite a bit of indecision in the market, So I lost my nerve when price started going against me and closed out the first position for a small loss.
Then when I saw that the resistance was being respected, I entered a second position, which I manually closed out after it hit a support level and bounced back. Made £40, but lost £20 on 2x indecisive trades.
Had I taken this trade at the break of the pin bar, this could have been a nice 2.5R trade.
There was quite a bit of indecision in the market, So I lost my nerve when price started going against me and closed out the first position for a small loss.
Then when I saw that the resistance was being respected, I entered a second position, which I manually closed out after it hit a support level and bounced back. Made £40, but lost £20 on 2x indecisive trades.
Had I taken this trade at the break of the pin bar, this could have been a nice 2.5R trade.
