Tuesday, May 12, 2009

EUR/USD: closed +75 pips second half of position


I decided to break this trade up because price was approaching horizontal support level and upper trend line of ascending channel. I will wait for a break and retest of that horizontal support, or will wait for stochastics to cool off in upper time frames and for price to find support before taking another long position. May be good short opportunity coming up for you swing traders.

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