Posted by millionaire | Sunday, March 09, 2008 | | 1 comments »


hello trader,

I see the shooting star reversal candlestick pattern formed at daily euro/usd chart,look like retracement possible happen to euro for two days or along week ahead,this situation favour to downside,while rsi shows overbought condition and heading lower,i prefer to sell euro along this correction time,but with the uncertainty market,i should alert for any possiblelity,for secure your position,i would like to recommend sell stop around 1.5270 toward my first target around 38.2% fibo retracement at 1.5063,my maximum target should place before the strongest support where the strongest resistance before around 1.4970,be curious for bouncing at this level.don't forget to place stop loss 50pips after your sell stop executed and always trailing your stop loss auto or manually,ok all have a best profit,be free to share your idea or leave the comment..thank's and good luck.

1 comments

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