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[B]Long or Short:[/B] Short setup on the DAILY chart
[B]Entry Point:[/B] 1.3830 (or below)
[B]Stop Loss:[/B] 1.3939
[B]Profit Target:[/B] 1.3366 (above fib 61.8 extension)
[B]Risk Ratio:[/B] 4:1
[B]Risk involved:[/B] 1% of account
[B]Indicators:[/B] Fibo, SMA200, GraB strong down trend resuming
[B]Rationale:[/B]
Technical - support turned resistance
Fundamental - the joint ECB and US.Fed. announcement only gave temporary uplift, long term the EU debt crisis is not solved
German Ifo Business Climate Index on Monday expected to be negative will push the pair lower
[B]Trade Adjustments:[/B]
add another position below 1.3746 (fib. 23.6)
add trailing stop if the trade gets ahead by 100 pips.
close the trade if more positive news comes out to provide more fundamental uplift even before SL
move stop loss tighter on Wednesday just before US. announcements 14:00 GMT