UnknownUnicorn410332

EURAUD Short Based On Top Down Analysis

Short
FX:EURAUD   Euro / Australian Dollar
0
Chart: 1HR Time frame
Market: Bearish (Daily)

Note: Trade was placed Monday 7th of November before US election. Price moved in my favor
and missed my stop loss by 5-8 points before moving further to the upside. This occured the morning of
the US election and caused the trade to be closed @ 1.8% return instead of 10% return.

Bad trade, stop loss was too far and could have been closed manually at a decent profit.

Daily Analysis gave me the overall direction of the pair with the hour chart giving me a clear entry signal
with a high test candle rejecting the 50 EMA after the market gapped on market open.

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