Stopped out on Euro trade

Today we got stopped out on our Euro trade..  if you look at the chart yesterday evening, you can see that there was a bullish bar.. it wasn’t quite a pin but you can see that there was buying where the price had hit the 20 day MA line. At that time, it looked like a good place to go long and so I did!

However, as you can see with today’s price action, the market pretty much went into freefall and invalidated our entry and stopped out our trade.  We lost 60 pips!

stopped out on euro trade

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Category: Forex trading, Trading