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Trading Idea : SHORT $EURUSD 17-JUL-2009

by Gav Leave a Comment

I was looking at EURUSD (Forex:EURUSD). To me, Euro has been running too far, it is time to take a break, and, maybe, come home. 🙂 We are approaching resistance area, and I am looking at the possibility of seeing 1.4 again. �Just as I mentioned in Twitter (follow me if you like my fatal calls), I can’t find enough reasons for not shorting EURUSD now, so I am in. Let’s see.

Here is the …. CHART!

EURUSD_4hr_17July2009

On the side note, here is a video about EURUSD trend analysis. Check it out.

Filed Under: Trading Journal Tagged With: EURUSD, FX, Trading Journal, video

Reader Interactions

Comments

  1. daniel says

    at 10:30 pm

    I like this setup. It worked yesterday for me too, but I pulled out before hitting my target. I’m not trading today and probably won’t get a chance before Monday to trade again, but I was still thinking short, had I traded this afternoon. Well, nice site, definitely will stop by again sometime.

    Reply
  2. daniel says

    at 9:30 am

    I like this setup. It worked yesterday for me too, but I pulled out before hitting my target. I’m not trading today and probably won’t get a chance before Monday to trade again, but I was still thinking short, had I traded this afternoon. Well, nice site, definitely will stop by again sometime.

    Reply
  3. Gulzaar says

    at 3:41 pm

    Hello Gav!
    I was actually long on this trade. I set up my charts for a break of the trendline resistance after a fibonacci pullback. Unfortunately, I think the markets were too choppy and even my 50 pip stop loss was reached. Maybe Monday will set up a short. How did yours go?

    Reply
  4. Gulzaar says

    at 2:41 am

    Hello Gav!
    I was actually long on this trade. I set up my charts for a break of the trendline resistance after a fibonacci pullback. Unfortunately, I think the markets were too choppy and even my 50 pip stop loss was reached. Maybe Monday will set up a short. How did yours go?

    Reply
  5. Gav says

    at 8:49 pm

    I have taken my 1R profit on Friday before U.S closing. I decided not to take in extra risk by holding over weekend.

    I remain bearish at the moment.

    Reply
  6. Gav says

    at 7:49 am

    I have taken my 1R profit on Friday before U.S closing. I decided not to take in extra risk by holding over weekend.

    I remain bearish at the moment.

    Reply

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My Name is Gav.
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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