Wednesday, February 12, 2014

EurAud mid-week Review

The trade I took last week due to a clear bullish pin formed at 1.5035 support was closed on monday with a profit of 125 pips due to a percieved clear pin formed at a tiny critical point that needs an eagle eye to view. 

So the market didn't reach my profit level at 1.5450. I didn't take a sell because of the ECB president speech that was to be delivered today and given the fact that the level wasn't that signifant to my eyes.

 I just saw it as an opportunity to exit a winning trade. We will see how this market reacts at the present level, whether it's going to break it or continue the upward trend 

The level now is very critical, I will watch out

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