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Trade of the day 09 July 2010: $EURUSD Short

by Gav Leave a Comment

I shorted EURUSD at 1.27. If you have a look at hourly or 4-hour chart, a bearish rising wedge was formed. After observing EURUSD struggled at 1.27, I pulled the trigger. And, what a day. 3 profit targets were hit.

Here is the CHART!

Have a great weekend!

Filed Under: Trading Journal Tagged With: EURUSD, FX, trade of the day, Trading Journal

Reader Interactions

Comments

  1. Andre Siregar says

    July 9, 2010 at 2:20 pm

    Congrats 🙂 I saw the wedge earlier today and I had a feeling price was going to decline, but I struggled in finding the entry. What made you pull the trigger? Was it the shooting star candle?

    Reply
  2. Gav says

    July 9, 2010 at 3:06 pm

    I struggled a bit as well. 🙂 The third failed attempt of big figure 1.27, the price bars with long tails near the top of wedge, and risk/reward about 1:3 convinced me to pull the trigger. Well, maybe I was lucky.

    Reply
  3. Erwin says

    July 18, 2010 at 10:02 am

    another great entry and exit . thanks for sharing again !!!

    Reply

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I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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