I exited the trade today 13 January as position was not going anywhere. I don't like keeping open positions if they are not moving fast my way. I exited at 1.4494 for a -28 pip loss.
As soon as I closed the position, I could see a short term "short trade" following the five minute, 15 minute and 1 hour chart. I entered and stayed in a few minutes to make +16 pips profit.
See chart. I cannot attach it this comment section so I will send it on new comment box.
I will wait for another opportunity to go long Eur/usd once it moves above natural square support level of 1.4500.
Jan 12, 2010 Rating
Let us know the outcome! by: Eva
Thanks Fritz! Be sure to let us know the outcome of your trade.
