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| EURUSD Daily |
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:
My 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.
An allocation of premiums and discounts on exchange rates which relates to the transaction of depositing a Swap (Interest rate differences) throughout the transaction duration.
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