Friday 16 March 2012

EURGBP double bottom

We've got a double bottom in the EUR/GBP cross pair which has put me long as shown on the 4hr chart below.  This is not a Macro-Risk trade and can be a useful addition to holding a net long or short risk trade in the major currency pairs such as the Dollar/Yen which has delivered a bearish outside candle on the 4hr chart below.  Accordingly I have a sell order in place as shown.


 

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