Tag Archives: mistake

EUR/GBP: abandoned late long

I’ve missed this perfect long setup for a breakout pullback entry. I hesitated while I was considering that the pair has given back most of yesterday’s gain. The price broke out and never looked back. I entered long at Bar1 when the move paused and retested its prior long at 0.8725 which in hindsight was a good entry. Nonetheless I closed the long at Bar2 near break even being uncomfortable with the price level. Big mistake. In fact two mistakes in the same trade.