Update from setup on 22-03-2012

Yesterday was a great trading day. The trade plan follow through and I was able to rake about $100+ total in profit. Attached is the screenshot

EUR/USD Analysis 22-03-2012

For today's trade plan, I am looking for more bearish setup which means I am targetting short. My trade plan today would be to short at the highest price possible.

Currently EUR/USD are doing the correction for the subwave M1-B. Currently it is in the making of its third structure. The best place to enter short would be the 61.8% fibonacci retracement as well as 78.6% retracement with 10 pips stop loss above the previous high. Look for the rejection at this point and enter your trade.