Trade 16 – EUR/GBP

Entry and Exit

Idea was there, execution was not. Trade opened and closed before this post came up.16aeurgbpReference Daily Major uptrend on the daily with head and shoulders forming. Posted here before.

16aaaaaGBP (-).pngEntry 1H Clear downtrend formed with impulse and corrective waves shown. A limit order was placed but not triggered even though price came really close. Therefore, made a market order with stop loss above the swing high. Forgot to delete the first limit order.

It was a bit messy but I think trade was valid and risk was managed well with a total of 0.6% capital loss for both trades.