Wednesday, January 16, 2013

EURUSD Channel Short Trade Plan

myfxvoyage.blogspot.com EURUSD Channel Short Trade
EURUSD Daily
See the channel EURUSD is making out on daily charts. 

Price has just retraced back after touching upper trendline. That area also coincides with the previous highs of April-2012. 



I plan to go short on touch of that area again with a stop above upper trendline of the channel. 


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UPDATE ON 21-Jan-2013 at 3:15GMT: 
myfxvoyage.blogspot.com EURUSD Channel Short TradeMy pending short order got triggered at 1.3375.

Current market price is 1.3319 and have moved my stop to BE.

I will book half of the trade on 1.3275. 
I am looking to book rest half near to middle of the channel. 






1 comment:

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