[EURUSD, 10/12/2018] Opened short position. See how this goes...
Reasons:
1. Multiple resistance: two downward trend lines and 1.14220 resistance level
2. MACD formed death cross
3. Stoch and RSI indicate downward momentum
4. Not much positive fundamental news favors EUR
TP: 1.13600
SL: 1.14230
1. Multiple resistance: two downward trend lines and 1.14220 resistance level
2. MACD formed death cross
3. Stoch and RSI indicate downward momentum
4. Not much positive fundamental news favors EUR
TP: 1.13600
SL: 1.14230
Trade closed: stop reached
Note
At the end of the day, my idea was still correct. My stop loss was set too close to the entry, and it was one of the mistakes I made on yesterday's trading. Lesson learned once again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.