Good Analysis but alwful entry!

2020-03-09 19:06:37

So i made the analysis for bearish continuation on this pair last week. The analysis was on point right down to the last target which was hit today. My flaw however was on the timing of my entry. I had put my entry on the H4 to increase my RR,which was good and fair however i did not wait for a structural change on that timeframe. The confirmation of the trade should have been a change of structure on the H4 from bullish to bearish which is shown on the yellow zone. Once price went through the yellow zone it tested it and the rejection should have been a signal for entry,confirmation that we now have a structural change on H4 which aligns with our overall bearish thesis.

Well you win some and lose some. . . . but more importantly if you learn from the loses you eventually eliminate them:)