My EUR/USD Trade (07-05-2008)

*Attached chart(1 Hour-Before). Click on it for the enlarged version.

Hello everyone,

My trade on the EUR/USD today [07-05-2008]. I initiated a short position at the price line of 1.5385 at 11:38pm (Singapore Time) | 03:38pm (GMT).

Price action wise. I missed the beginning of the move because I was out and away :P Anyways, I got in when there was a chance. Price action movements. Supported by 1 hour chart's [Ash Cross Over] is not going up. Fast and Slow [Ash C Wave] already down. [Ash Down Up] is mega red bar. If this was not enough, I double checked the 4 hour chart, [Ash Cross Over] is down.

The best part to top up and support my analysis. Is mentioned in my previous post, Quick Look on EUR/USD (07-05-2008)

My Stop Loss at 1.5410(25pips) and Target Profit at 1.5290(95pips). Risk : Reward = 25 : 95 = 1 : 3.8

Will update as this trade goes by :)

Peace and trade safely everyone...