[B]EURUSD DAILY[/B]
[B]Long or Short:[/B] SHORT
[B]Entry Point:[/B] 1.3600
[B]Stop Loss[/B]: 1.3800
[B]Profit Target/s:[/B] 1.3000
[B]Reward-to-risk Ratio[/B]: 200 pips vs 600 pips (3:1)
[B]Risk percentage[/B]: 4%
[B]Indicators[/B]: Fibo (61.8%)
[B]Trade Rationale:[/B] expecting the long-term downtrend on EURUSD to stay intact, though i think there’s room for the pair to rise on the medium term. i see the 1.3600 handle as a potential turning point since it corresponds with the 61.8% fibo and price should intersect the falling trend line at around this area.
[B]Trade Adjustments:[/B] might exit trade early if i see price close convincingly above the falling trend line that i illlustrated