EUR/USD 9 May 2011 - Hit!

by Eva
(from Forex Trading Beginner)

I made 29 pips on this trade, taken on the 'gap' as the US market opened for the week (4pm New York Time). This was a 'short' trade, which means I made the trade believing that the value of the EUR would go down against the value of the USD.

Market opened and 15 minutes later a nice inverted hammer formed on the 15-minute chart, signaling my entry.

A few hours later, I came back and checked my charts and saw that I'd made 29 pips. Sweet!