AN example of how I  use price action to exit trades as well as enter.

Look at the AUD/CAD chart below.  We entered on the first pinbar,  this was a sell signal that I took and at first it worked out very well.  However, price eventually reversed and what we actually ended up with is a counter pin bar. In fact its a much stronger bar then the one we used to enter.  This is a classic signal that the bulls are now in control of this market. Time to exit this trade.  We moved the stop loss to break even and it was hit shortly after.

Trading is all about know how to manage your open positions.   Don't be scared to take a scratch trade.