- FX markets interpretation of FOMC changes = hawkish = firmer USD.
- Monthly : Traded back to below the upside breakout line.
- Weekly : Possible evening star being formed = reversal to downside.
- Daily : Yesterday's FOMC driven price action = strong reversal. Today, an uptrend line is being tested.
- Trade : Initiated fresh small short position at 1.3799. Go with the downside reversal for now. [Neglected to look at the chart this morning, or else would have put on at a better entry level]. Gotta keep at it till it works.
20 March 2014
EUR/USD : Crossroads Part 2
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2 comments:
Added on -1.3773
Stopped out +1.3825
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