Trade Type : Short
Entry @ 61.00
Stop loss @ 62.00
Take Profit @ 59.00
Reward-to-risk Ratio : 100 pip vs 200 pips 1:2
Risk percentage : 2%
Indicator used : Stochastic (14,3,3), Time frame is Daily
Trade Rationale : Long term resistance could be seen @ 61.00, Stochastic is also oversold and majors are under pressure.
Trade Adjustments: I will set to break even once pair will reach 60.00 mark and subsequently trade will be close on profit taking.
Result: Guess market has it’s own plan, SL Hit