3/08/2011

March 8th trade

I have another trade open, it is GBPUSD short, 1.63 got rejected strongly (also previous high is respected resistance now) and upward trendline got broken. I expect a move down to 1.61. My SL is 35 pips, TP 69 pips...











The UJ trade is still open, right now -14 pips (actual candle looks good - pinbar if it finishes like this...)
UPDATE - 20 minutes later it looks much worse so this will probably end up as a loss











These are two trades I expect soon:

NZDUSD short - 38.2 and 61.8 Fibs rejected, overall downtrend - waiting for price action directing down
UPDATE - sold at 7378, SL 35 pips, TP 73 pips (7305)












EURUSD  long - overall uptrend, uptrendline close, horizontal trendline close, 1.39 level close... waiting for a price action on 1hr chart directing up...

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