I have just sold E/U as it is at the top of the trendline and at horizontal resistance. I wanted to wait to see it rebound slightly and have actually got in slightly lower than I would have liked.
Chart below should be quite self explanatory and the reason behind the trade should be clear (It is also the 50% fib of the recent swing high/low - to the nearest round number)
Trade 3:
EUR / USD - Short - 45,000 units @ 1.4228 - 100pip hard SL - 5% of capital at risk
