Why didnt my trade go as planned

Hi @tomo22,

According to my analysis, there was only 1 CHoCH (I’m old school and had to look it up) and it was bearish.

IMO, there was not one single sign of a trend reversal from bearish to bullish. The trend is clearly bearish as shown by the parallel channel (I circled the coordinate points that established the parallel channel long before you put on your trade).

In the future I suggest adding a lot more notes, text, arrows etc to your charts (e.g. where is the CHoCH you’re referring to, which high did the CHoCH break above etc), to explain your thinking, it would make it easier for others to point where analysis mistakes were made and provide more constructive feedback.

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