Short near a big resistance level and trendline

Short after the break of the smaller countertrendline. Stop above the resistance zone, target at previouse lows.

Yorum:

trailed the stop the 1.44055 which is a little bit above the 0.618 retracement of the current downmove. Trailing behind the fib level because there is no swing level on this timeframe where I could trail to.

İşlem kapandı: hedefe ulaştı:

Trade played out nicely and target reached.
Lesson learned: I did not place the target right. I need to be more precise at target placement.