eurusd 2008.08.25 1943 GMT
Hello,
I'm using IBfx. The 4h chart on eurusd shows a good setup for a short entry at 20:00 GMT. Stochastics is a bit oversold and CCI is also low, but both are pointing down. There is a level of support at 1.4700 so that would be my target. The current 4h candle is about 50 pips high so the stop loss would be around 38 pips. I'll include a 15 pip trailing stop.
rafa.
LAST MINUTE EDIT after 20:00 GMT:
I entered short at 1.4753, trailing stop=15, mental stop @1.4789
Last edited by metalorn; 08-25-2008 at 05:45 PM.
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