Monday, September 19, 2011

FX Trade Diary 19 Sept 2011

A new week, a new hope.

EUR/USD


19/9/2011 1954 Hours :
The week started with a brutal 100 pips gap down, taking out the demand at 1.37 at started to consolidate at 1.363-1.371 Let's see how prices react here. I am looking forward to a possible short opportunity at 1.3695-1.371 and 1.3785-1.38.

The context of today's trade is still short only. While I can't really say 1.37 is an ideal short, it is the top of the consolidation range, and part of the potential drop base drop to me.

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