210120-210120 EURUSD LOSS

Pattern Formation

One could argue that the pattern formation was good, but it is not the ideal anyways as can be seen. But even with the benefit of hindsight, I would take this trade even now. 

Trade

The time of the trade was the outbreak of the corona virus. There was a sense of global panic in the markets. Hongkong came out with recessionary results. Dollar was rising unbridled, and was nearing all time high against euro. So this must have adversely affected the trade.