One of my trades

Hi All,

I’ve made this SELL trade on my demo account today for the EUR/USD and just wanted peoples thoughts on whether I had the correct signals to trade.
Basically used the One day chart and the Ichimoku Kinko Hyo indicator and SAR indicators. My Tenkan sen (pink) crossed the Kijun Sen (Blue) downwards. The Chikon Span (green) crossed the Senkou span (orange and purple). SARs dots were trending down as well.
I wasn’t to sure about the stop loss and profits so I set them according to what I thought the fibonacci lines should be. I’ll refine them down the track I suppose…


sorry I don’t know how to make the picture bigger…
Basically
Traded due to ichimoku hitting all trend signals
Short: 1.05960
Stop loss: 1.07396 using fibonacci retracement (could be smaller)
Profit: to take at 1.05395 (Fibonacci used)