[TW] 2012-03-09 Short EUR/USD by Jabroni


[B]Long or Short:[/B] SHORT

[B]Entry Point:[/B] MARKET (1.3250)

[B]Stop Loss:[/B] 1.3350

[B]Profit Target/s:[/B] 1st = 1.3100, 2nd = 1.3000

[B]Reward-to-risk Ratio:[/B] if all targets hit, 2:1

[B]Risk percentage:[/B] 2%

[B]Indicators:[/B] Fibo, 100SMA (red line)

[B]Trade Rationale:[/B] move up looks exhausted. looks like a head and shoulders pattern on 4H chart of EURUSD. price just bounced off 50% Fibo and 100 SMA (nice dojis), might be start of reversal.

[B]Trade Adjustments:[/B] will consider exiting trade early if i see signs of bullishness (if candle closes above the dojis). might also close before the weekend.

everything going well for this trade so far.

BTW, to the mods, i would just like to say that i want to donate the $10 to World Vision.

Noted! BabyPips.com will make the donation on your behalf.