Mogwaison40
Short

EURUSD Short Opportunity This Week

FX:EURUSD   Euro / U.S. Dollar
EURUSD             put in a double top formation on the daily chart back on Feb 16. Subsequently, there was a lower high put in on Mar 7 and reconfirmed on Mar 8 @ 1.2445/1.2446. I am interested in a short position in the area of 1.2445 - 1.2400 with targets @ 1.2190 - 1.2150. I will be waiting for candlestick confirmation on the 4HR chart within the 1.2445 - 1.2400 area to place this trade. I will be employing a 30 to 50 pip stop loss on this trade as it is counter to the daily uptrend.
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