Wednesday, May 4, 2011

4.5.2011 EURUSD False breakout?

People,

of course there is not a lot of reasons that we could see this baby move only down, or are they?

2 weeks of corridor trading, players running the trend and the sellers pretty hard on a sell button now. Mentally this could mean that some fundamental change is going on or about to happen.
Was short in the morning around 1,4877 and got out on a break at 1,4884...now holding a hefty short on the pair. Working on scenarios.

1 comment:

  1. Yes yes...order was filled at 1,4810 which gives me 1,8% gain!! Having a pretty good summer nowadays ;)

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