Actually the setup worked well as far as a counter-trend trade I would have expected if I took this trade myself.
Without further ado, this is what I think went wrong with your trade:
1) You entered this when the candle had not been fully mature yet, didn't you? A big no-no. Never enter at market order, always enter at pending order. I learned this the hard way myself.
2) You're taking a counter-trend trade with that smallish pinbar as your entry bar. You're a one brave man, Darth. But if you want to enter a CT trade, keep in mind that you need to have a much more powerful entry bar to ensure price really move to the direction you want.
3) Your TP is too ambitious. You should have identified a lower possible trouble area, maybe around the previous lower low or Round Number like 1.91000.
4) You have been losing a lot this last few days, so that should have told you that you are not ready to even go live or take any timeframe lower than Daily tf or even take another counter-trend trade setup. Please focus on Trend trade in Daily tf and higher tf at demo account for now. Keep this is mind: trend is our friend till the end.
Just my 0.00002.
Thanks you for your review. My 1st reason to enter was for the previous daily candle pb. But you learn from your mistakes and no matter how long you have been trading for you still make them as we are only human.
On a plus note my gold and silver trades hit there tp and made back all the losses I have had. So now I have learnt an important lesson and I'm no worse off.
Uhm, not true, your S/R's usually look good to me!
The key here was to remember that gaps tend to act as S/R, and not mix TF's ("weekly gap has not yet closed"). Also to see what the wicks of the previous candles were doing ( i.e, that the candles where not able to CLOSE BELOW the level )