Broken below 14072 resistance. Trend is clearly down. Forex markets were volatile today so allowing stops to be extra big. Order placed to short the 50% retrace of this candle:
STOP: 14285
ENTRY: 14126
LIMIT: 13826
Risk/Reward: 2/1
Tuesday, 6 September 2011
EUR/USD Analysis
Huge bearish pinbar candle on the daily chart which suggests we're finally breaking out of this frustrating trading range!
Broken below 14072 resistance. Trend is clearly down. Forex markets were volatile today so allowing stops to be extra big. Order placed to short the 50% retrace of this candle:
STOP: 14285
ENTRY: 14126
LIMIT: 13826
Risk/Reward: 2/1
Broken below 14072 resistance. Trend is clearly down. Forex markets were volatile today so allowing stops to be extra big. Order placed to short the 50% retrace of this candle:
STOP: 14285
ENTRY: 14126
LIMIT: 13826
Risk/Reward: 2/1
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Stop in at b/e. Day ending very bearish. Not to far from limit now which i expect to hit considering how strong the selling pressure is
ReplyDeleteeuro got smashed today. I for some odd reason bailed at 13867 rather than wait for the limit. I couldnt monitor it so took no chances with some resistance appearing around there. I was wrong but still made 259pips profit so cant complain
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