YZumbrunnen

EURUSD short after break of the trendline

Short
FX:EURUSD   Euro / U.S. Dollar
Break of a weak trendline. Had my entry order placed and got filled with the impulsive candle to the downside. Not my favourite trade because the trendline only had 2 clear touches but took the trade because of the really good reward to risk ratio.

Stop above recent highs target at the strong support level above 1.03500
Trade closed: stop reached: Stop reached pretty quickly. Trade was a false breakout. Maybe there will be an other break of the trendline later with an even better reward to risk ratio.