GBPUSD Short 27 Apr 2020: Stopped Out! 1R Loss

I entered short GBPUSD at 1.24251 on 27/04 after it formed a Doji candle at the 200ema and near the SR zone. It moved down initially but a few 4-hour candles later reversed direction to take out my stop at 1.24651 the next day on 28/04. I took a full 1R loss on this trade.

On hindsight, I believe I may have entered too early! You can see that on the next 4-hour candle after I was stopped out a bearish pin bar overshooting the SR zone was formed followed by a long bearish candle!

GBPUSD 4-Hour Chart

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Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.