Trade of the day 09 July 2010: $EURUSD Short

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!

Comments

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  1. John Adams — Trackback
    Trade of the day 09 July 2010: $EURUSD Short: I shorted EURUSD at 1.27. If you have a look at hourly or 4-... http://bit.ly/9bRqgX
  2. Gav (Trader Gav) — Trackback
    Trade of the day 09 July 2010: $EURUSD Short http://bit.ly/azl6Gd
  3. B.M. Davis — Trackback
    Trade of the day 09 July 2010: $EURUSD Short | Gav's trading blog: I shorted EURUSD at 1.27. If you have a look at... http://bit.ly/bSDOgP
  4. FAP Turbo Review — Trackback
    Trade of the day 09 July 2010: $EURUSD Short | Gav's trading blog: I shorted EURUSD at 1.27. If you have a look at... http://bit.ly/bb6V2v
  5. Andre Siregar
    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?
  6. Gav
    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.
  7. Erwin
    another great entry and exit . thanks for sharing again !!!