EURUSD Long Trade @ 1.31834, SL @ 15 pips, TP1 @ 15 pips Plus

Trade taken as price reached 78.6 fib level and channel support level also price reached at 1Hr support trend line, my first target would be 10 to 15 pips and will consider move SL to BE 

Views: 535

Tags: EURUSD

Comment by Rocky Master on December 31, 2012 at 8:14am

Partial Profit taken @ 1.31965

Comment by Rocky Master on December 31, 2012 at 8:20am

Stopped out at BE, only 10 pips

Comment by Peter jcp on December 31, 2012 at 8:22am

Morning Rocky - Missed the GU buy - which had been a lot stronger than the EU one which i scalp sold then at 3191. I have the short term set ups different on these two pairs  - with the EU still wanting lower?

Have a good day 

Regards 

Peter

Comment by Peter jcp on December 31, 2012 at 8:34am

Great for scalping last hour with that latest low of 3176 one to watch now - as pair is OS atm

With the previous low of 65 - I thought we might have tried at least 68 or 72 first - but now with half hr change still not clear for me - as a lot saying lower still - but OS could be meaning that will change ?

Comment by kamdi eloji on December 31, 2012 at 8:42am

morning peter , i sold short just got off at 1.31868 i was also thinking it will hit the 3260 and 3270 mark before retracing downwards but currently its still on 3187 not really certain where it will head next but if over 3260 and 70 i will buy but below 13146 i will sell with target profit as 1.30890 ?

Comment by Sundaram on December 31, 2012 at 8:43am

Good morning Peter and Rocky.

The low was set at gap time. I thought it could be a 3167 but it settled at 3177. From here expecting up move to 3206. Target today is 3264 :-))

Comment by Rocky Master on December 31, 2012 at 8:43am

I am again Long @ 1.318539 as I can see price rejection at 78.6 fib level, will consider move SL @ BE if price move in favour, lets see 

Comment by Rocky Master on December 31, 2012 at 8:49am

I have already banked some pips on previous trade and GBPUSD trade so, I am taking again 15 pips risk, lets see how it goes 

Comment by Peter jcp on December 31, 2012 at 9:06am

Hi Sun and Kamdi - looks as though 76/7 is the low for now as long as we stay above the 3185/ 87 support area. I am only back to scalp sells under 84 and 80 I reckon. GL 

Comment by Rocky Master on December 31, 2012 at 9:07am

Taken few pips @ 1.31984

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