HumbleTraders
Short

EURUSD 17 SEP 2015.After FOMC

FX:EURUSD   Euro / U.S. Dollar
FED leaves the rates unchanged at least for a while.
Emergency meeting might be called if inflation picks up to 2%.
Watch oil             prices in coming months.

1.14 good area to sell.

Why?
Psych level.
50% pullback from the recent top @1.16
Massive downside potential.

How?
Sell marked area after tomorrow London's open.

Risk?
2% of equity.
SL: 50 pips

Hedge?
Binary call option with 1 week expiry. The size equivalent of the cash lot @ 50 loss.
Enter at the same level as cash position.




Take profit moved to 1.1345 - just above the lower low of the recent leg down. 100 Pips booked
Reply
EURUSD sold @ 1.1430 during London's session 18/19/2015. Stop is now moved to break even. I expect EURUSD to correct early next week towards 1.1350 before moving lower. Take profit at 1.11.
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