Entered long this morning when the EURGBP failed to make a lower low and was bouncing off of the support indicated by previous lows. The recent series of lower highs still indicate bearish momentum therefore I used a relatively tight stop which was hit inthe afternoon. I will re-enter the long trade if bullish momentum shows near these levels.
EUR/GBP long stopped out
This entry was posted on Wednesday, July 28th, 2010 at 2:25 pm and tagged with EURGBP and posted in journal, trading note. You can follow any responses to this entry through the RSS 2.0 feed.
Tag Cloud1stthrust 123pattern AlBrooks atr AUDUSD breakeven breakout confluence correction DAX doubletop ECB EMA entry EUR EURCHF EURGBP EURGBP pullback EURNOK EURSEK EURUSD exit fakey FED fibonacci firstthrust flag flow futuresmag GBPCHF GBPJPY GBPNOK GBPUSD GBPUSD pullback headandshoulders insidebar keltnerbands measuredmove mistake performance pinbar pivotlevel priceaction psychology pullback range recap reversal s&p500 setup stoploss strategy support tactics takeprofit trend trendline USDCAD USDCHF USDJPY
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