My EUR/USD Trade (19-03-2008)

*Attached charts (Before) & (After). Click on it for the enlarged version.

Hello everyone,

After the USD's interest rates release, I initiated a short position on the EUR/USD at the price line of 1.5721 at 2:53am (Singapore Time) | 6:53pm (GMT).

Price action movement, took out the day's low. Supported by my secret analysis.

My stop loss at 1.5741 (20pips) and Target Profit at 1.5520 (201pips). Risk : Rewards = 20 : 201 = 1 : 10.05

This morning, was like 40pips in the money, shifted my stop loss to protective stop at 1.5701 (20pips in the money).

Protective stop got hit at 12:18pm (Singapore Time) | 4:18am (GMT).

20pips profit :)

Peace and trade safely everyone...