Long or Short: Short
Entry Point: 1.1425 (market price)
Stop Loss: 1.1600
Profit Target/s: 1.0300 but I may add along the way
Reward-to-risk Ratio: over 6.4:1
Risk percentage: 1%
Indicators used: Fibonacci
Trade Rationale:
-price is finding resistance at 61.8% Fibo
-price is making double top on Fibo
-risk aversion
-expecting positive data from Switzerland
Trade Adjustments: I’m gonna move my stop loss to breakeven when I open another position around 1.1200