[gazuz]

The trend is currently downwards in the bigger timeframes and it just hit its resistance..

So I'm going to short the EURUSD...

Sell the EURUSD at 1.2833
Take Profit at 1.2780
Stop Loss at 1.2880

I'm also placing a sell limit so I can sell again if it happens to go too high in the wrong direction, between the price I open and the stop loss.

I am placing a Sell Limit at 1.2865
Take Profit at 1.2815
Stop Loss at 1.2930

First trade should be profit of 53 or loss of 47

and sell limit should cover the stop loss and then some or a profit 50 pips or loss of 65 pips


Lets see how this one goes.

P.S. I know I am taking a risk now because the stochastic shows a cross into a buy position but I still think since the general trend is going down the stochastics for the shorter terms are weak crosses and so will have no big affect on what the market will be. I sure hope I'm right on this one