Tuesday, November 6, 2007

EUR/USD Sell Setup


The short setup from Friday played out for about 50-70 pips depending on how the trade was managed. Since then price has rallied higher. This is exactly why I’ve been saying to hold onto the longs while we take some countertrend trades. Talk about little extra icing on the cake! I am looking to short the euro between 1.4660-1.4700.

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