4-12-07 : Long EUR-USD

Using my parallel channel trading concept, EUR-USD has reached upper channel bottom. Its time to "bottom Fish" this pair.

Its a bit risky coz there's no rebound from trendline yet. Thus not a ERF#1.
We will see if this trade turns out ok.

Trade
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Long EUR-USD @ 1.4639
Cut @ 1.4580 (max loss = $59)
Profit @ 1.4900 (max profit = $261)
Risk : Reward = 1 : 4
Reason to long : Daily chart is at trendline support. 1hr chart is at 10 days double btm.

daily chart
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1hr chart
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