To be honest, this trade happened before this weekend...and so I can't remember a single detail about it now. But the general idea is this. I longed the pair, GBP/USD, because of various indicators. On the 15 min graph above, the stachostics and parabolic dots have shown a reversal, which I have been waiting for, since the 1hr graph also shows an upward trend.
In any case...I...didn't notice there was an impt news for Britain at 4.30pm that day. And that's what caused that full candlestick of some 30 pips drop to appear. Well...silly me, but I learnt my lesson and will check forexfactory before I trade in future.
