Perfect setup, still fails – Part 2

The first sign that got me a little nervous was how the price fizzled and pretty much retraced the entire breakout candle.  But then, there seemed to be some signs of life since price rebounded, only to fade again.

 

I’m not sure what the learning lesson here is, or if there is one here at all.  But the take away I took was that sometimes you can do all the homework and find ta text book setup – and it can still completely fail.

 

You just never know.

 

Plan your risks accordingly.

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