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Thursday, March 20, 2008

My EUR/USD Trade (20-03-2008)


*Attached chart (Before). Click on it for the enlarged version.

Hello everyone,

I shorted the EUR/USD at the price line of 1.5500 at 5:43pm (Singapore Time) | 9:43am (GMT).

Candle studies and price action (it broke below my channel), it is supported by Fast and Slow [Ash C Wave], MAs down, [Ash Cross Over] down and [Ash Down Up] Thick Red Bar.

My Stop Loss is at 1.5530 (30pips) and my Target Profit is at 1.5360 (140pips). Risk : Reward = 30 : 140 = 1 : 4.6

Currently, I am in 30pips in the money, have shifted my Stop Loss to Protective Stop at 1.5499 (1pip in the money).

Will update as this trade goes by :)

Peace and trade safely everyone...

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