Tuesday, September 27, 2011

EUR/USD on 27-Sep-2011

EUR/USD


Yesterday on EUR/USD, another small bodied candle formed, instead of forming a white candle, EUR/USD formed a small bodied black candle.

My entry to long was triggered SL when EUR/USD break below 1.3400, lowest 1.3360.
and then "fry" to close at 1.3513.

Today will continue to trade for Long, entry at initial shadow 1.3457 SL 1.3400 (again), TG 1.3700 (again).

GBP/USD


Market has been moving up but didn't retrace.
Yesterday open at 1.5478, lowest 1.5430 and then moving up and close at 1.5546, highest of the day is 1.5569.
Cannot enter with initial shadow, although lowest is 1.5430, but my order is not filled.

Try again today to enter long at 1.5500 SL 1.5453 TG 1.5640 - 680.

Next resistance 1.5680 as marked on the chart.

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