Can anyone explain why they wouldn’t have taken this trade?
Trade: Short GBPUSD
Trade idea: Move down to take lower MT with all the new longs entering the market
Y-axis PB: Longs above blocking price and shorts blocking lower price (Positive)
X-axis PB: Large number of longs (Positive)
Net DM: Net short (Negative)
Net T-in-prof: longs in profit (Positive)
Lev Positions: NA
1D chart: MA’s below price (Positive)
Where in range: Top of range (positive)
SL:1.247(above MT stop and all long positions
TP:1.23(at the lower MT stop
Trade update: Most of the longs left and shorts came in.
Trade Closed: Trade closed at open with push from hawkish FED
Outcome: Loss 1.23707
If anyone can tell me why I shouldn’t have taken that trade would be very helpful.