Monday 7 March 2011

Aussie saving the day.


After jumping the gun on Euro earlier in the day, and knowing how Aussie and Euro are related, i decided to place a long order on Aussie.
Before
My entry is justified by higher highs and higher lows and a consolidation around the daily pivot, when the 20 ema (purple) was flirting with the 80 ema (red) not knowing exactly where to go.

I knew, or hoped, that i priced broke the weekly pivot, it could reach D-R1. 






After


TP reached at D-R1 and trade closed to a profit of  32 pips.

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