I'll be taking this trade. As I'm in Japan, won't be getting in when the market opens (gotta sleep sometime) - will take whatever the price is when I wake up.
Reasons for taking the trade: High RSI at cross, price moving off important Vegas level, solar wind near crossing.
TP will be 100% ATR, which is above the tunnel.
Won't be taking two lots as trade is against the established trend (hasn't shown any big downward momentum since May) and stop will be under recent highs.
Will post entry, sp, tp later.
http://picnac.com/images/7256Untitled%202.jpg
Reasons for taking the trade: High RSI at cross, price moving off important Vegas level, solar wind near crossing.
TP will be 100% ATR, which is above the tunnel.
Won't be taking two lots as trade is against the established trend (hasn't shown any big downward momentum since May) and stop will be under recent highs.
Will post entry, sp, tp later.
http://picnac.com/images/7256Untitled%202.jpg