EURUSD short after break of the trendline

Jan 30, 2017

Break of a weak trendline. Had my entry order placed and got filled with the impulsive candle to the downside. Not my favourite trade because the trendline only had 2 clear touches but took the trade because of the really good reward to risk ratio.

Stop above recent highs target at the strong support level above 1.03500

Feb 1, 2017

Trade closed: stop reached

Stop reached pretty quickly. Trade was a false breakout. Maybe there will be an other break of the trendline later with an even better reward to risk ratio.