Thursday, December 26, 2013

2nd Trade 1 hour chart $EURUSA short

$EURUSA 1 hour chart shows the RSI (relative strength index 14 avg) above the 70 level which indicates to me that this currency has been over bought within the hour forecast. I placed a trade of half a contract (0.50) to cover 350 pips as I anticipate this currency pair will correct itself trading down. This trade is a bit of a gamble since my margin of safety is on the border line of unsafe, however this set up looks great for me to take this chance.

Happy Tradings

- Mr. Brilliantier

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