GBP/JPY

15 thg 12, 2022

My bias was to the upside, but i did lose this trade. I was waiting for price to take out down side liquidity (which it did) then shoot back up, once i seen the consolidation and the momentum candle i knew price was going down, then i seen it slowed down which indicated to me sellers wasn't strong and it could be a fake out on my psych level, and kept wicking as well indicating price didn't want to go any further. My SL was a Lil too tight. Also now looking at it, i should've waited for the next 2 candles to see what price wanted to do because where my yellow circle is you can see price created a shooting star (downside candle) indicating price can possible go lower. So, yes, i did take a Lesson, but I also learned from it. Better trade next time! i got this!