Friday, January 18

Rejection at 1.3400 Level


Sometime last night the EURUSD retrace deep re-testing its support and breakout point once again. My stop loss point got hit in that process. Out @1.3315 for a gain of +11



See that wide range red bar these sellers are not you and me these are the big kahuna selling EUR for whatever reason. Most of the time retail traders get the news late anyway. If we do not know why we rely on price action as always. Price is the one thing that you're sure will not lie. As we look at the above chart we have formed a 2 Bar Reversal. We will wait for more details in the coming days.

Enjoy your day.

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