Wednesday 22 June 2011

Trade 3 - short again...



...i entered short last night with an initial stoploss above yesterday's high, just as well with the Asian run up. My reasons for entry included bearish hourly candles from 2 fib levels from higher TF swings and a rejection of the round number (1.4400)...this morning's hrly chart shows a short 123 developing (yet to break) from these levels.

Edit...cut my losses on an hourly close above 1.4400 just now for -54. Blog pip tally now +203.

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