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Jamal92
Dec 27, 2016 8:45 AM

Selling Opportunity - USDEUR Short

U.S. DOLLAR / EUROICE

Description

Its been in a consolidation for about a week (Due to the holidays), if it breaks on the downside prepare for a sell but keep an eye for any fake breakouts.

When I activate my trade. I will hold unto this position till around the 78.6% (0.9396) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.

Trade active

My trade had activated around 0.965436

Trade closed: stop reached

Activated my stop loss. A fake breakout occurred.
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