Short

EURUSD losing steam after big jump ?

Updated

- EURUSD made a huge jump after a long consolidation.
- now losing steam on resistance area
- Waiting for a Kangourou Tail to form.

- If bar closes at or below resistance area at 1.12035

- sell stop below low of this candle
- S/L above high of this candle
- T/P 2 zones away

Trade active

Sell stop triggered

Note

Moved my S/L too 1.11915 above .500 retracement level.

Note

In Hindsight a T/P above fibs retracement 0 is safer than next zone.

Moved my T/P to 1.11530
Trailed my S/L to 1.11735

Trade closed: target reached

First trade since I decided to stop trading with my guts. Quite happy with the result. I noticed that I was way more relax with this trade than with the ones I entered on instinct.

I also realised the hardest rule to follow for me is being patient. I'll have to fight hard not to enter a trade just because I haven't open one for a while

Pronoe

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