Friday 30th October 2009

On Friday, we saw clear reversal patterns on the charts of the Eur/Usd which led us to position ourselves for a Short trade. We eventually had an opportunity to go Short around 3:15pm when price breached the 1.4790 Support line. Entry was at 1.4789 and the first position was closed at 1.4756 for a profit of 33pips. The second position was closed at 1.4712 shortly after the market resumed on Sunday night for a profit of 77pips.