Thursday 17 February 2011

EurUsd

Long on the retouch after break thru of RL after US jobs data ( same big horizontal RL's as yesterday). Objective 1.3600











Now (below) price gets through the top RL that has contained price for days. Stp to b/e











Now we wait for the RT and will judge what strength of trend we have by the depth of RT and if price will be able to get back over the top RL. Stp still at b/e in case of a 'car crash' trend.












This trade was stopped out at break even within minutes of the above chart.

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