1 Trade Total failure :)

It has been a 0,1,2,3 pattern trade on GBP/JPY m30. Not like a lot of things about the pattern, anyway I trade it.

First the H1 view give us some bad news, A downtrend line that was contrarian to our buy and it worked, The strange thing happening between the Bid and Ask and, and the near touch of the trendline that happened yesterday, just take a look:



If we take a look to M30, we can see the Volume that appears as the price aproach the trendline not favour the trendline support:



Also I could find a better trade to the downside with the help of an structure, and the downtrend.

Things I have learned:

- Put SSI into my plan, pick the extremes between AUD,EUR,GBP. Not trade against the extremes.

- Beware of the Spread of some pairs, not trade it unless the SL= 10*Spread.

Total = -3,5%