Thursday, 11 July 2013

EUR/AUD loss

EUR/AUD D1 chart

I was really confident about this set-up when the price break the resistance line even though this is my first time to trade a head and shoulders. But then, the effect of the news about the weakness of USD and strength for EUR made the price to pull back.

I'm still optimistic that the price will go down. I hope a good divergence will show up to support the downward movement.

I still got a short entry below the trend line, hoping that it won't get hit and then go up again.

loss pips of -206.2

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