Entry Point: 1.2615 and 1.2700 (average entry at 1.2663)
Stop Loss: 1.2760 (60 pips)
Profit Target/s: 1.2400
Reward-to-risk Ratio: 263:97 or 2.7:1
Risk percentage: 1% on each position, total of 2%
Trade rationale: Still bearish on the euro, but I think we will see retracement back on this pair. I'm not so sure how strong it will be, which is why I will scale into the trade. Entering at both 38.2% and 61.8% Fibonacci levels. Stop is past the 61.8% FIB. Will aim for new lows past 1.2500.
Trade adjustments: May consider holding onto my trade even past 1.2400 if the move is very strong.