Posts Tagged eurusd
The Euro forex pair looks like it's been downtrending for a while and the recent daily price action has printed two spinning top patterns. This shows some indecision in the markets and to me, looks like we may have reached a short term high before resuming a downward trajectory. In fact, todays price action was mainly south with a little pullback.
I've shorted this at 1.2370 with a stop above yesterdays high at 12460. Looking for a minimum of a 1:1 trade here.. let's see how we get on!
August 8, 2012
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On the 26th evening, I checked the markets for longer term Position Trades and I saw this and got quite excited! This was the Euro (EURUSD) and you can see that the price action had bounced off the resistance line.. the pin bar pattern on the daily candlestick showed some healthy selling.. the market is going down! I shorted at the close of this candle with a target towards 13000. My stop was just above the tail.. the red horizontal line marked stop.
I was going to leave this and just wai
April 27, 2012
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I've had a lot of stuff on lately and not been able to commit myself to the markets as much as I would have liked. However, I did have some time today and was able to take a simple bounce off the Daily Pivot on the Euro (EURUSD) currency pair.
My target was yesterdays high at 13117 and I actually got out at 13115. A simple trade which got me 20 pips!
April 25, 2012
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