timmynorin
Short

EURUSD Daily Short setup

FX:EURUSD   Euro Fx/U.S. Dollar
Why?

Broken bullish trendline , should as act resistance.
61.8 fibo retrace
Structure, previous support, should act as resistance
Bearish trendline , should act as resistance

What more would I want? I'd prefer RSI to show even more overbought, but still, enough to hold my case.

Taking profit above previous structure support .

NFP tomorrow, but since this trade is on the daily I'll leave it to its fate.


Oh, noticed the bat? I'll leave it there for motivation. :)
Trade closed: stop reached: Was on a good way towards target. Then Trump came along, thanks Trump! You owe me $. Stop loss hit.
possibly better trade on shorter time frame to keep up with price
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I would have moved my S/L to 1.10670 before the TRUMP day If I were you ;) I took a small short at 1.25 - with a S/L at 1.3660 Risked a lot in terms of pips, but that's why I went for a smaller trade size to make sure my MM is not compromised. Well done overall. Good call on the short. I didn't trade as I expected high volatility on the election date.
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timmynorin GaborKrasznai
@GaborKrasznai, Yeah, I have noone to blame but myself for 1. not accounting for Mr. Trump with placing stop loss, or 2. getting out of the trade prior to news. As long as I know exacly what I can do different next time, theres no reason at all to be upset. (But in hindsight, this was really a rookie mistake! Thats what I get for being comfortable ;) ) On to the next opportunity!
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