Saturday, June 23, 2012

Trading Plan: Week of 6/24

EURUSD- Once the market opens back up on Sunday, I will first move my stop on my short position to the high of this candle (arrow) locking in 70 pips. Slow Stochastics are hinting at a cross and as price stalls at the 4hr 100 ma, we might be due for a bounce. This is also suggesting if we don't open with a gap that will stop me out. I'll look to reenter in the .2600-2650 region. My ultimate short term target is .2450

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