Saturday, June 7, 2014

Trade of the week

EURAUD - On 2 June price moved up into the identified resistance area 1.4730 and closed with a large upper wick. The 1hr chart is shown but entry was taken off 15 min after a 2b/evening star/3 bar reversal of the high. Exited at the lows of the recent range for +78.

News in the US session took price down to W M1 1.4514. Something is going right when the biggest disappointment in the week is an exit for +78.




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