In this case MACD is below the 0 line and shows that the market is in a downtrend. After a retracement the Stochastics goes above 80 level which shows overbought conditions. %K crosses %D above the 80 level and we place sell stop order below the low of the signal candle. After the position is opened we place stop loss order above the high of the signal candle (in this case the stop should be @ 1.1498 but we place the order above the 1.15 round number). As you can see a quick 30 pips profit could be made with this set up.
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