YZumbrunnen
Short

Short near a big resistance level and trendline

FX:EURAUD   Euro Fx/Australian Dollar
Short after the break of the smaller countertrendline. Stop above the resistance zone , target at previouse lows.
Comment: trailed the stop the 1.44055 which is a little bit above the 0.618 retracement of the current downmove. Trailing behind the fib level because there is no swing level on this timeframe where I could trail to.
Trade closed: target reached: Trade played out nicely and target reached.
Lesson learned: I did not place the target right. I need to be more precise at target placement.
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