Long or Short: Short
Entry Point: 1.4300 (between 50 and 61.8% Fib, 100 EMA)
Stop Loss: 1.4350
Profit Target/s: 1.4150
Reward-to-risk Ratio: 3:1
Risk percentage: 1%
Indicators used: 100 EMA
Trade Rationale:
Overall euro weakness
Trend is down
Risk aversion
FOMC did not hint on further QE
Greece bailout still not yet a done deal
Trade Adjustments:
Basically a set and forget trade, but close early before the US NFP report if you choose to hold it for that long (probably will hit sl or pt before that though).