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Friday, October 29, 2010

$EURUSD Short Setup

As I said before 1.3900 and around would be good levels to go short.
EU exactly bounced off the 61.8% and now again there is a sharp bearish move.
I said in twitter that wait for a confirmation, my confirmation was that nice bearish H4 candle that closed below the low of the previous candle, so I went short at 1.3906.
I'm looking for 1.3750 for my first profit target and 1.3580 for the last.

Regards

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