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Short

Building Into A Short Position

FX:EURUSD   Euro/U.S. Dollar
83 0 1
We are closing the massive gap from this past weekend. This is an area that I will start to look to build into a short position. Building into a short position means taking much smaller position sizes than normal and buying/selling at different levels. For example, the current 1.1146 could be my first position (25% of normal position size) with 1.12 being my second area and so on. The invalidation point for me will come with a break above the current triangle.

DISCLAIMER: Be very careful on this pair. The Greece headache continues and there is a lot of volatility ahead in this pair.

Good Luck
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