Long or Short: Short
Entry Point: 1.3300
Stop Loss: 1.3230
Profit Target/s: 1.3500
Reward-to-risk Ratio: at least 2.85:1
Risk percentage: 1%
Trade Rationale:
Technical - Possible support at the rising trend line, 1.3300 level, and between the 50% and 61% Fibo areas.
Fundamental - Selloff from the G20 meetings could fade, EUR and other high risk currencies could rise at the return of Chinese investors in the markets
Trade Adjustments:
I’ll move my stop to BE if my trade gets ahead by 100 pips. Also thinking of adding to my position.
