Monday, February 2, 2009

Short EURUSD - 1.2716

This is my second position of the day. Had been aggressive as i have missed my previous week target by miles. I have used up my quota for the day. Hope these 2 trades will turn my way.

Enter short EURUSD at 1.2716 after it clears all criteria using Price Pullback Strategy.

Stop Loss at only 84 pips.
Profit Target at 416 pips.

With the ECB announcement later this week, i foresee the downtrend pressure to persist thus the high profit target. Though it will take at least 1-2 days to be achieved.

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