cool cross to trade with a huge daily trading range...
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EUR/USD & GBP/USD & AUD/USD Forex Trading
- Thread starter increasenow
- Start date
manually exited for +8 pip profit...should have taken the profit at 1.4355 but was not watching the screen and did not want to wait until it heads down again...move on to other trades...Quote from increasenow:
short 1 EUR/USD at 1.4382
stop: 1.4425
target: 1.4350
entered at: 8:34am CST
EUR/USD is looking to 'sink to' level of earlier in the day huge half hour bar up.
exit for +8 pip profit at 9:50am
Quote from cstfx:
man that EURUSD keeps bumping off the 4430-4440 range for the past 2 days. It's been good for some short scalps, but I don't know how much longer it will hold. I think tonite we will probably see it finally break 4450 and continue forward.
it's going to 1.4535.
Key levels at play. Next one is at 1.4535.
It's been bouncing off because a lot of "good traders" missed their long-entry.. so they shorted it down low, people bought in on the dip, went back up, sold this positions, brought it low again, bought it back again.
The current supported level 1.4346.
and traders have used every opportunity to buy in near the dips near that level.
Happy Trading!
yeah I have been playing the ranges (4370-4430) for the past 2 days and it has been holding. I kinda expected a little more retracement after the 3-day run-up but after watching this since Mon night, I think the base is in at those lows. I will be buying on the break of 4450 for longer than a scalp, maybe up to 4550.
I really wouldn't be short here other than a scalp.
I really wouldn't be short here other than a scalp.