833 pm 05102016
Shorted the EuroUSD
1) trendline on top
2) breached trendline at bottom
3) EUR tapering is a rumour
4) Dollar strength should be continuing
Stop loss - 1 bar
RR: 2
333 pm on 06102016
Currently position is ITM.
Base stop loss on trendline.
Feelings - neutral.
TRADE CLOSED DUE TO TARGET HIT.
EURUSD CONTINUES TO BREACH TRENDLINE AS SEEN BELOW.
TOOK A SMALL TRADE ON EURUSD TO LONG - with limited risk - about 12 pips, assuming it was the bottom of the channel but got stopped out.
Good things about this trade:
1) stuck to targets.
2) controlled emotions well.
3) ensured a proper risk reward.
4) longing EURUSD at supposed bottom of channel seemed like a good idea - on hindsight, should have put stop loss to breakeven to prevent further occurence.
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