7 Aug 2009
Yesterday trade:
Long triggered at 1.6760. Paper loss. TP at 1.6980, SL at 1.6705
My take is that pound is still bullish. Until it hit daily EMA21 at 1.6630 and continue down, then it is a call to give up all long position.
The down is a chance to long. I am still expecting a 1.82.
Today Trade:
Long 1.6630, TP 1.6950, SL 1.6407
Overall: +43 pips
Long triggered at 1.6760. Paper loss. TP at 1.6980, SL at 1.6705
My take is that pound is still bullish. Until it hit daily EMA21 at 1.6630 and continue down, then it is a call to give up all long position.
The down is a chance to long. I am still expecting a 1.82.
Today Trade:
Long 1.6630, TP 1.6950, SL 1.6407
Overall: +43 pips
posted by Ernest Seng at 9:53 AM
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