Updating on 8/31
I had taken EUR short twice already on this day, both being close to break-even (small losses). I was finishing up, maybe looking for one more opportunity when I saw this base/retest on the hourly chart. I thought that price would continue down, making a large move overnight, as prices often do. The pattern was definitely bearish (there were several hours where price remained within a range, but looking at the candles, it’s more of a rally than a base), the trend was down, price had broken a pretty major support level that day, so it looked like a fantastic short to me.
I used a trailing stop and left it alone for the rest of the night. When I checked on it the next day, I saw that while price had pushed down a little bit, but not much, it hovered around my entry, pushed up a little back within the range and eventually pushed up and stopped me out for a not-quite-full position loss
