EURUSD Daily Short setup

FX:EURUSD   Euro Fx/U.S. Dollar

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
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.
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!
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out