Posts Tagged shorting euro
The below chart shows what happened to the Euro (or EURUSD) forex pair on Friday.. the price action had plumetted shortly after the pin bar (as highlighted in blue).
I was actually a day late with this trade but the price was pretty much as the same level of the close of the Wednesday bar so I shorted it. My initial target was the previous support level 12885.
You can see that the price hit that yielding me 50 pips but it also continued to fall.. there was another 50 pips in the move.
November 4, 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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The chart of the Euro (EURUSD) today on the 1 hourly was as below:
The Euro had a very strong day yesterday and when the market opened today, it was really watching to see if the market would break yesterdays highs at 13370 and continue upwards or fall. It's very tempted to buy on the break of the high but after such a strong move yesterday, any long entries would have been on a pullback for my liking. However, the price action broke above and demand was just not there for it to go any hi
March 27, 2012
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