Hello Theo,

I have some questions regarding the EUR/USD trade, please refer to the chart attached.

When you were setting up the trade, why did you not consider the support area (marked with a green horizontal line) as a significant obstacle? You do mention in the comments later that price got caught up in that area as you expected.

You do indicate that the trade was a set and forget trade so I am assuming that you were not monitoring the trade as it unfolded. If however you had been monitoring the trade as price approached the support level, would you have taken action given the confirmed 3PT against the trade? 

As price created a higher low after the double-tap, would the price action now be considered range bound? If you had not taken a short trade, would you look to play the 3PT back up to the upper range boundary or would you consider price to be too congested and wait for another opportunity?

As price reversed again and with good pace, and assuming the original short trade was closed because of the 3PT buy setup, would you have taken a breakout trade of the double-tap support level?

Pepe.

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