17 December 2008

17-Dec p2

Ok, so now its time for my other setups. Looking at the JPY and the CHF, I do not see an opportunity, everything is bouncing of the LRC and Shi_true at the line in the direction of my trade. I do see some potential in the EURUSD, but there is some resistance in the 1.4166 range. I have placed a buy stop order at a decent amount over the resistance so that if the price does break, I hopefully catch and upswing. This trade is .3 lots because of the big S/L

EURUSD, Buy stop @ 1.4185, SL at 1.41030, TP at 1.4300 (natural resistance level)

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