The cable has just made a 2 bar outside reversal on the four hour chart.
The trend is down and the next target is 1.5780.
The market is trading at 1.5920. I am shorting the cable at market with a stop of 1.6005 on 1/3 position size.
I am risking 85/3 full points . This is a risk of 28 full points .
Good trading
Monday, February 1, 2010
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