Wednesday, 20 April 2011

Wednesday Evening EUR/USD Chart

There is a nice wedge forming here, so there are two possible trades.



Sell @ 1.4490 SL 1.4505 TP 1.4475 VALID = -15PIPS

Buy @ 1.4530 SL 1.4515 TP 1.4545 VALID = +15PIPS


PROFIT = (10PIPS - 10PIPS) * $10 = $0


It was unfortunate that the breakout took longer than anticipated, and having a trailing stop would of been better to catch more pips on the way up. I should of moved the SL to BE point, but I was too busy revising for my exams.

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