EURAUD [1 Week view]

Feb 12, 2019

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
  

Feb 13, 2019

Trade closed manually

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

Feb 13, 2019

Note

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.

Feb 20, 2019

Note

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: