Thursday, April 9, 2009

Trade Idea - EUR/USD

The chart to the right shows a EUR/USD set up on the 15 minute chart that I'm looking at. I'll sell the pair if it closes below the line on the 15 minute chart. The stop will go a bit above the recent high (right now 1.3335 or so). I'll move to break even on this trade at +30 and the profit target is the green base line. I'll keep you posted.

Also, the EUR/GBP trade is currently open and has, moved to break even. I've got a 10 pip trailing stop on the trade. I'll update when there is more.

Happy Trading!