utorak, 21. veljače 2012.

22.2. Still Ranging

EURUSD still in range, moving sideways, boring.

Currently it is crawling lower, pip by pip. I would consider buying it on lower level border which is around 1.3187, but I would buy it if it shows some sign of reversal, with 35 pips stop below recent low or around 1.3152 (just below gap) or even 1.3140 (much safer).  If it goes below this gap it could proceed lower!

Target is 1.3390 or even 1.3490 (if I feel crazy), and move stop loss to break even after 35 pips of profit.


this is the gap


another option is to enter long on breaking of upper border 1.33 but risk increases there and I would increase target from there to 1.3490, this is trade that is not really preferable but I would take it.

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