Monday, 8 July 2013

EUR/USD trading closed

EUR/USD D1 chart

I moved my S/L this morning at 1.2860 and it was hit giving me 189.4 pips. My plan now is to look again for resistance that will  make the price go down or a signal suggesting the continuation of a downtrend.


EUR/USD m5

I tried my luck again at scalping but failed for the second time. This gave me a -20.2 pips. My indicator in this trade was the stochastic line K at 50 level, RSI line going down and MACD line and histogram signaling a downtrend. I thought the trend will continue but I guess the bulls are so strong that the trend continues upward.


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