Short

EURAUD [1 Week view]

Od laughingchartist

Zaktualizowano

Short EURAUD
Entry: 1.59405
SL: 1.59805
TP: 1.58500

Simple set up, as clear as day.

Market below EMA 13
H&S reversal pattern confirmed with the breaking of the neckline
RSI below 55% resistance level
Market pullback below descending trendline resistance

Zlecenie zamknięto ręcznie

Market broke descending trendline resistance. H&S patter failed. prefer to close position to prevent further losses

Uwaga

Price nearly reached target. Should not have closed the trade. Sometimes, just because the pattern may have failed does not mean the trade is invalidated. Always trust in your analysis.

Here my analysis was spot on. But I was too trigger quick.
There will be other chances.

Uwaga

Please see my linked idea under the "Related Ideas" section below. I've posted a new trade idea...

For those of you lazy to click, here's my chart:

laughingchartist

Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28

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