Tuesday 7 February 2012

EURUSD trade update

Unfortunately I didn't get filled on my GBP/USD order during the Asian session.  I am, however, long EUR/USD as illustrated below.  Just a quick note to say that I have trailed my stop on this one and despite some positive sentiment this morning printing a large green candle on 1hr chart seen below; we are not seeing a follow through in this momentum.  I am therefore being quite defensive on this trade and if I get stopped out will be looking for another opportunity to play the long side with price action. 


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