EURUSD - Trade Journal - SELL

Very bearish price action. My limit order from earlier this week was never triggered. That limited order was 1.1346 with a TP @ 1.1230. Currently price broke the 1.1212 support. I expect price to drop to trend support and possibly break support.

Longer-term, expect bullish price movement to continue, but bearish price action for short and mid-term,

Kommentar:

Got into this trade both too early and too late. "Too late" - missed the best short entry 1.1345 - 1.122 by setting my sell limited too high (too conservative). "Too early" - after breaking ~1.1213 support, was too aggressive in a less than idea short set up. In that situation, it would have been best if i waited to enter until the support was retested and confirmation of continuing decline.

The trade is still active, however I closed 1/2 of my original position. I only have a small position opened and my SL has been tightened. This is not a trade I want open through the weekend.