260220-260220 EURUSD LOSS

Pattern Formation and Trade

As you can see, this new pattern is formed after a previous bottom reversal, which was successfully traded. There isn't much of a reason for this trade fail, except, the trade is entered a bit earlier in the trend, in the hindsight. Then there is the latest finding of trend lines, which may be the reason why the trade failed. Either ways the trade failed may be because of the corona volatility.