GBPUSD sadly hit stop loss yesterday evening.
The technicals on this trade were beautiful however the reason we were stopped out was due to having a stop loss far too tight.
My original thought was to have SL placed above the 15M resistance level however I entered this trade late and I placed a tighter SL.
If SL wasn't hit and the target was achieved we would have caught a 15% move.
For future trades, I will incorporate and better placed technical stop loss.
Result -2.5%.
The technicals on this trade were beautiful however the reason we were stopped out was due to having a stop loss far too tight.
My original thought was to have SL placed above the 15M resistance level however I entered this trade late and I placed a tighter SL.
If SL wasn't hit and the target was achieved we would have caught a 15% move.
For future trades, I will incorporate and better placed technical stop loss.
Result -2.5%.