[B]Long or Short:[/B] Short setup on the DAILY chart
[B]Entry Point:[/B] .9970
[B]Stop Loss:[/B] 1.0030 (above parity)
[B]Profit Target:[/B] .9750 (previous support)
[B]Risk Ratio:[/B] 3.67:1
[B]Risk involved:[/B] 1% of account
[B]Indicators:[/B] None
[B]Rationale:[/B]
[U]Technical[/U] - strong resistance at parity, resistance at top of the range on the daily chart
[U]Fundamental[/U] - rumors of QE3, unwinding of risk aversion selloff
[B]Trade Adjustments:[/B]
adjust stop loss to break even if the trade gets ahead by 100 pips. Close trade if a daily candle closes above 1.0011 high even if it hasn’t reached SL yet.