This one just didn’t work out, I guess it enters into the probabilities side of it.
Note how price literally touched the bottom of my trade entry, I still can’t explain how it didn’t take me out.
When I saw buyers driving price up and price holding above my entry level, I felt there was enough buying power in the market to keep going.
That was partially true, but it only manifested itself after another test to the bottom of that range unfortunately.
After being I’d say -0.99R, I could have taken profits when the trade became a 1R winner, but I really thought price was showing enough strength to continue up.