EURCAD - The Forecast was correct - the target was wrong - stoploss hit
- Panagiotis Diamantopoulos
- Aug 20, 2020
- 1 min read
This is based on previous post: https://www.tradethevolumewaves.com/post/monday-17-8-trade-gbpcad-this-is-why
Forecast:
Actual:
The reason that we never made it to our target is simply because there was another Fib area before our target - which we have missed. The Stoploss was hit for 1-2pips (visible on chart)
If we analyze the 1HR chart that we get the detail it was very visible that the short coming up with a Plutus Reversal Short afte hitting the Fib for the 3rd time. That's how the game is played we can't win everything.
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