Sold: 1.0817
Stop-out: 1.08276
Loss: $143.14
Analysis Using Top-Down Approach
Daily Timeframe
Price is in a bearish order flow. Once the price breaks through the last low indicated with an arrow, enter for a sell.
Update
4 Hours Timeframe
The price is bearish.
Update
Failed to wait and be patient for the price to retrace to the last lower high.
1 Hour Timeframe
Entered for a sell at 1.0817 as price has formed a lower high. It’s a mistake! Should wait for the price to reach the supply zone, then wait and see what the price is going to do.
15 Mins Timeframe
Wait for the price to reach the supply zone, then watch and see what the price will do before entering for a trade.
