EURAUD - Short Short

Euro Fx/Australian DollarFXCM

Description

⋅ Apr 10, 2017 6:03 PM

Currently entered into a short position on the the EURAUD. Confluences on the chart.

- Multiple 4hr wick rejections of monthly resistance
- 2 daily TF rejections (tweezer tops)
- Momentum slowing
- 4hr broken through lower trend line

Trade active

⋅ Apr 11, 2017 5:50 PM

Moved stop loss to 1.42250 after initial 1 hour spike.

Trade closed manually

⋅ May 1, 2017 9:30 PM

Closed in profit - just shy of target

Comments

Captain_Walker

⋅ Mar 16, 2019 7:57 PM

I think you were right to bail out with profits in hand. Some people do not, hold on and take loses. I've learned that it's better to walk away with something in the pocket than a hole in the pocket. Not everybody agrees with me though.

UnknownUnicorn772665

⋅ Mar 16, 2019 9:33 PM

@Captain_Walker, I agree mate. Greed is a killer of profits