EURUSD Bearish Last kiss off previous consolidation area Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 10, 2016 9:09 AM

Price is in downtrend for the last 3 days, it bounced off a support area at 1.12035 and rose until it reached a previous consolidation area.

Short

Entry :
- Sell stop below previous small Swing Low IF past the trend line at 1.12220.

Exits :
- S/L in consolidation area above previous Swing High at 1.12360
- T/P not at next zone but the one after at 1.11700

R/R ratio : 3.71

Order cancelled

⋅ Sep 12, 2016 2:06 AM

Price hit my stop loss before my sell stop

Comments

stream

⋅ Sep 10, 2016 10:36 AM

this could be a kiss for your account ..

Pronoe

⋅ Sep 10, 2016 1:47 PM

Hmm, on my daily chart I can see a Lower High just formed bouncing off a trend line + resistance area. I'm seeing a consolidation in the uptrend. I think the price will fall toward my second support area before resuming its uptrend. Plus, I can't miss this trade with a 3.71 R/R ratio :p

stream

⋅ Sep 10, 2016 1:47 PM

good luck