Tuesday, February 23, 2010

After CNY trade.



After a week of break from trading because of CNY, i did my 1st trade today shorting Euro.

1.3646-50 is a strong resistance area. H4 created an inverted hammer today and closed below the Resistance. Entry short at 1.3630 and Stop Loss at 1.3650. Added position at the break of 1.3587.

Big Ben news tomorrow at 11pm will definitely move the market, my strategy would be buy stop and sell stop before news.

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