Very disappointed at my lack of disciplined. The rules are: TP at nearest pivot unless there is a VWAP confluence. I did not TP at DM2. I “hoped” that it could go further south. There was no VWAP confluence. There was a VWAP confluence on an AUDUSD pair, but the setup was different. Each part is to be analysed on its own. I am very disappointed at myself, throwing money away just like that.
I have identified 3 scenarios for TP if there is no VWAP confluence. Bottom line is price must either break the retracement swing high, or be equal, or be very close to it (lower)
Case 1: see EURAUD above
Case 3
