Today's trading is starting off in a very similar manner to what we had yesterday. The Eur/Usd has been in an upward move following yesterday's strong decline during the US session. The upward move came on the heels of positive divergence and Price has bounced off 1.4698 which is a significant Resistance level. I'll be looking to go Long if price breaches this level.
We took a long trade around 7:30am when price closed at 1.4698 but we didn't quite hit our first profit target before we had strong reversal patterns (including divergence on the 15min chart) leading us to exit the positions when price closed at 1.4694 around 12:00pm.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment