Risk Warning: Trading Forex is inherently risky. This is not a
trade alert service and should not be taken as advice to enter or exit a
trade. It is simply a narrative of what Straight Talk Traders are
watching for, which may or may not happen. What is posted here may or
may not develop into legitimate setups on Straight Talk Trading's
Complete Response Trading System's specific entry and exit rules, which
are only accessible by STT clients.
The Trade: STT Shatterbounce EURUSD 4H setup. Sell entered on evidence of weakness at a key multitimeframe shatterpoint.
Emergency Exit: Trade to be exited if hourly price closes above the 1.3206 level marked.
Initial Target: 1.3135 unless one of the Shatterpoint early exit signals appears.
Direction: Short
Reason: On multiple timeframes, price is at a level of either price
continuation of trend or a temporary trend breakdown.
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