GBPCAD downtrend still in play.
Why I think this is a sell still. Overall sell on the 4HR in the story of this range. We see strong sells on the 15M as shown by the red arrows. Standing by from the 1HR
Feeling: Confident
Update 1: Going back to the 1HR time frame. I see that the last 1 HR candle shows a nice engulfing one. Still feeling confident this will move to my profit target. Standing by
Update 2: Going down to the 15M, I see buyers are strong here. i'm not sure if this is causing a psychological effect on me. I have closed this trade for a small loss. Standing by
Update 3: Re-entered again seeing that a train tracks are forming on the 60M. Feeling confident this will go in my favor. Added 2% risk to this trade.
Update 4: Price moved in my favor but got swing back up quickly. Fortunately, price is coming down again, but this time, it's choppy. not one long candle. Closed 50% of my position and moved SL to BE.
Update 5: Price hit SL for profit. I won't try to find another entry. I see buyers coming up strongly. Letting price mature for PA
Post Analysis
Entry: Good
Exit: Bad
Feeling: Confident
Price has actually hit my target. Wow! I could have received my remaining 1%. That would have covered all my losses plus a nice profit. So the entire read of the story was good. Because I identified that the sellers were strong. Doing the analysis on the 1HR and then watching the pair on the 15M makes the brain confused. That's why I closed early being afraid of hitting another loss.
So if the next time story is read correctly, I should stay confident and leave the trade alone.
There was a mix of a small loss and larger profit. So overall profit. However I could have profited more. Onto the next trade.
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