EUR/AUD Daily
Long or Short: Short
Entry Point: 1.3280
Stop Loss: 1.3380
Profit Target/s: 1.3100, 1.3000
Reward-to-risk Ratio: 1.8:1, 2.8:1
Risk percentage: 1%
Indicators: None
Trade Rationale: I expected the pair to find resistance at previous trend line and 38.2 Fibonacci. With all of Europe’s problems, it’s not hard to think the euro will go down again soon.
Trade Adjustments: Move stop to breakeven when first take profit point is hit.