- Short FXCM USDOLLAR on break of trendline and swing low support of June 04 at 11860
- Stop at 11912
- Target at 11740
- Therefore 1:2 Risk to Reward ratio
This market is still retracing the longer term trend. First target is the 38.2% Fibonacci Retracement support. A break below 11737 could open up losses and see May 14 low of 11634 as next support.