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Wednesday, January 30, 2013

EURUSD Intraday play



An intraday play setting up for EURUSD short. Eur is so bullish that only fools will short it at this moment. But the risk of only 10 odd pips makes it worth a try at this level. Risking about 10+ odd pips we will explore an opportunity of 60+ pips to downside. Saying that we are not at all gambling here guys, its very well exlored trade opportunity. Potential of bears level is what we are talking about here. 1.3560 handle belongs to bears, only PA of bullish momentum will disregard it. Risk is above 1.3575 handle, so watch this out carefully.....

Cheers


Edit : Post result commentary.... Got out with +20 pips in half lot & BE with another half lot. PA was very unpleasing & yet was able to cover 1:1 risk:reward on this trade.

 

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