5 June 2009
Yesterday trade:
Breakout trade for down triggered at 1.6195, but failed to hit TP. Close trade this morning at 1.6115. Profits 80 pips.
Today is a bit tricky to me. Pound has been in the good news limelight and has for the last two days down on probably "profit taking" or retracement. Will it stop at 1.59 region?
I could be wrong with the market rebound now and head straight back to the 1.63/1.64 region. It could also right now head towards the 1.59 region.
Regardless, this to me is a cross road. If I short, I may be wrong. Therefore today, I will be caution and trade reversal.
Trade: Long at 1.5980, TP 1.6110, SL 1.587
Breakout trade for down triggered at 1.6195, but failed to hit TP. Close trade this morning at 1.6115. Profits 80 pips.
Today is a bit tricky to me. Pound has been in the good news limelight and has for the last two days down on probably "profit taking" or retracement. Will it stop at 1.59 region?
I could be wrong with the market rebound now and head straight back to the 1.63/1.64 region. It could also right now head towards the 1.59 region.
Regardless, this to me is a cross road. If I short, I may be wrong. Therefore today, I will be caution and trade reversal.
Trade: Long at 1.5980, TP 1.6110, SL 1.587
posted by Ernest Seng at 8:05 AM
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