[EURUSD, 10/12/2018] Opened short position. See how this goes...
Reasons:
1. Multiple resistance: two downward trend lines and 1.14220 resistance level
2. MACD formed death cross
3. Stoch and RSI indicate downward momentum
4. Not much positive fundamental news favors EUR
TP: 1.13600
SL: 1.14230
1. Multiple resistance: two downward trend lines and 1.14220 resistance level
2. MACD formed death cross
3. Stoch and RSI indicate downward momentum
4. Not much positive fundamental news favors EUR
TP: 1.13600
SL: 1.14230
Trade closed: stop reached
Comment:
At the end of the day, my idea was still correct. My stop loss was set too close to the entry, and it was one of the mistakes I made on yesterday's trading. Lesson learned once again.