[TW] 2012-03-10 Short EUR/USD by monstapips

EUR/USD 4-hour


Long or Short: SHORT

Entry Point: MARKET (1.3080)

Stop Loss: 1.3120

Profit Target/s: 1.30

Reward-to-risk Ratio: 2:1

Risk percentage: 2%

Indicators: none

Trade Rationale: euro looks weaker on the recent short term. I think down move will continue and we will see eur/usd break for new lows. I’m expecting it to hit 1.3000 soon.

Trade Adjustments: will move stop to entry when i’m up 40 pips. will continue holding longer if it seems that euro is really weak