So I got stopped out of this trade last night (buy-green, stop-red, blue-target) by this one candle and I’ve noticed a lot of similar candles lately which take out stops. Makes me realised how hard forex is even if you get the pattern right. What are some strategies to avoid it? Who are they and how much money does it require to swing a currency pair like that? I can definitely see why 90% of punters lose trading forex.
My only thinking is wait to enter a position where others will have obvious stop losses but possible miss the trade or really lower your risk reward :/
