EUR/USD 6/6/10 Looking For Shorts

Update: 6/9/10 7:52PM EST Closed position at 1.1983 +7 Pips

Cashmechanics.comtm

Play of the Week

Be sure to check out the Cashmechanics.com website for updates. On the Home page, look under “What’s New”, Play of the Week.

EUR/USD – To rangebound with bias skewed lower

Momentum bias – looking for shorts at 1.1990.

Play of the Week:
I am looking to go short at: 1.1990 area.
If filled, my protective stop is 1.2081
My profit target is 1.1855
Risk = 91 pips Reward = 135 pips

(disclaimer: this trade is for educational purposes only and is NOT in any way trading advice. There is extremely high risk in currency trading. Please consult your financial professional before considering this type of risk)

Best regards,
Pat Arcadipane
Chief Executive Manager
Cashmechanics.com

Comments are closed.