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TradeYodha
Jun 14, 2015 7:11 PM

#EURUSD 2618 Hour Short Idea (4H/1H) Short

Euro Fx/U.S. DollarFXCM

Description

@TradeYodha
TradeYodha.com

#EURUSD 2618 Hour Short Idea

Analysis:
1. 2618 formation occured
2. If price comes back to the region for re-testing, a short can be opened.

Targets/Trade Management:
1. 2 Targets
2. First Target at 1:1 R/R Ratio (50 sma is there)
3. Second Target a bit lower (200 sma is there)
4. Move the stop of the first target to break even when first target is hit

Fundamentals/News:
1. Greece news (15/06/2015 IMF Loan Repayment Due)
2. 15-June-2015 9:00am EUR ECB President Draghi Speaks
Comments
TradeYodha
Update: First target met
TradeYodha
Update: the zone was 5 pips away but we can still make it
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