07/02 Day Trading FOREX

Took two trades Today, one prior and one before the Unemployment numbers. They both worked fine. I followed the 1-2-3 pattern with confirmations such as a retracement, the break of a short-term trend-line and space to reach the fibonacci gap (aka Fibonacci projection).

1) Short EUR/USD: Took the trade once it broke the #2 on the a 1-2-3 pattern, notice there was a retracement and the trade confirmed a break of the short-term 5-Minute trendline. Also, there was room (i.e. the fibonacci gap was inside the previous low point for the day).

2) Short AUD/USD: Took this trade right after the US unemployment numbers came out, notice how the 1-2-3 is confirmed by a break of the trend-line (green line) and it had room before the next decent support at 7950. I exited with half of my target when price bounced at 7950. Notice that price eventually made it to the target. Since this was an announcement trade, I didn't want to risk a sharp reversal blowing through my stop.