Monday, August 3, 2009

EUR/USD Short Trade


Don't know whether there's problem with my notebook or blogspot giving me problems, but I don't seem to be able to attach pictures now. Let me know if u know how to solve this problem. Pic will come after I the problem is solved.

There might be a breakout in the down trend for the EUR/USD pair according to the price chart based on my understanding (I might be wrong). MACD and Stochastic are pointing down and the charts are showing signs of a breakout. Will there be one? Current support provided by Forexyard is at 1.4320.

Short EUR/USD 1.4384
SL: 1.4434
TP: 1.4300
Update: SL was triggered, loss is 55 pips

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