CHART TF: Daily.
LONG or SHORT: SHORT
ENTRY: Between 1.5015-5030.
TP: 1.4900 and 1.4850
R:R - Possible 2:1 (Need Patience)
Trade Based on Price Action. The pair yesterday print as a Pin Bar at 1.5025 are which is a Resistance and of course 1.5025 is a Fib 61.8 extension (I don't know how to say the extension) The Fibo, the Pin bar and resistance showing at green line is confirming the pair want to go south. Moreover the daily Chart showing a HL, LH, LH pattern clearly.
SO here going for a short..
Good Luck Guys.
Last edited by salimvp; 12-11-2012 at 11:46 PM.
"Trade what you see, Not what you think"
"Forex trading is simple, People make it difficult"
"Patience is Virtue, So patiently wait for a good set up"