Reason/Setup:
The pair has broken through the prior support level, and there is a good chance that we will see more down side for this pair. I am entering this trade based on the Elite setup on daily chart. I am entering with just 3 lots since the stops and targets are so far away.
The signal is also valid in the OzFX setups on daily and 4 hour charts. However this signal is old and should not be used for entry.
Trade Details:
Date: May 08 2008, 10:25 pm
Entry: 202.283
Lots: 3
Stop: 204.54
Target: 198.50
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