The pound dollar trade exit mistake
The pound dollar trade displays a mistake in exit of the market. I was planning to close this trade at 1.3360. I took into account the fact that the price was near the EMA 200 and had just overcome the 38.2% retracement, which gave a clear sell signal. On the 30 minute chart the MACD also indicated a possible reversal movement. Inspired by the fact that earlier the EMA 200 had not been passed, I decided to enter with sell.
I set my stop loss above the EMA 200 in order to exit the market if it is broken.
The support at 1.34050 was falsely broken but I decided not to take profit and hope to reach the key target. It was a mistake, this trade did not bring me any profit.
