Thursday, February 14, 2013

EUR/USD Channel Re-entry 14Feb2013

Technical: Channel Re-Entry, 2:00AM ATR+EMA cross short. Fundamental: The rally up was from some politial comment about how the EURO is doing great. Unemployment Claims in a few hours Thoughts: I'll risk to the high, it should move straight back into the channel with no problems Trades: I am short the EURJPY from this. Thinking that a move down would be a weakness move, and reduce the risk on a little.

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