[Read this trading setup first: XAUUSD]
Decide to open short trade yesterday. Price formed a Pin Bar on 1-hour chart. Rejected the old support/new resistance level on daily time frame. Price break the low of the pin bar at 1065.00, but the price can’t move lower and hit my stop loss level at 1070.30.
OP: sell stop 1065.00, SL: 1070.30, TP1: 1.059.50, TP2: 1054.00
Result: price hit my stop loss level for -106.00 pips (from 2 position).
XAUUSD daily chart
XAUUSD 1-hour chart