160909-170909 gbpusd LOSS

GBPUSD Hourly Formation

As you can see, the previous trend had hit 423%. And there was only a semblance of a typical formation. 

GBPUSD Hourly Trade 

As seen previously, the pattern was not typical, there was no curve, and no upswing before the down move. So it failed, and hit stoploss after 168.