XRP/USD -Learnig from Mistakes and Refining Entries (30M TF)
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In trading, losses are just as important as wins when it comes to learning and improving. Here's a breakdown of a recent setup I analyzed on XRP/USD that didn't play out as planned-and how I refined my approach to get it right.
What Went Wrong (Bottom Chart): =I initially identified a break of Major Higher Low (HL) with a strong volume candle.
=I assumed this would lead to bearish momentum toward my target, but price failed to deliver.
=The issue? I overlooked key liquidity points and entered permaturely without a proper confirmation of intent.
What Worked (Top Chart): =After reviewing the chart, I spotted the correct setup: a proper HL break, which swept Buy-Side Liquidity (BSL) / (IDM).
=Price tapped into a well-defined supply zone (order block) after taking liquidity, signaling a high-probability reversal.
=This approch aligned with the market structure and led to TP being smashed.
Key Takeaways: 1. Watch for liquidity sweeps and inducements before committing to a trade.
2. Confirm intent by combining structure breaks (CHoCH) with zones of interest like supply/demand zones.
3. Review losses thoroughly-they often hold the key to improving your entries and view.
Let me know your thoughts, or feel free to share your experiences below. Always learning, always evolving!