Tuesday, August 3, 2010

FX Trading Breakout Euro

We took a stunning FX trade which was a long on the euro:dollar after a reverse head and shoulders pattern displayed on the chart.

The euro went for a massive rally of 100 pips long from our entry which was almost exactly what the target was using the technical analysis on the low of the head to the neck line.

The aussie also went long for a brief time providing about 20 pips long. Yesterday was an awesome FX day trading session in terms of rallies against the dollar.

Pick your trades. Keep to the highest probability fx trading opportunities and you can keep your risk to reward in your favor.


----------------------------------------------------------
Learn Forex Trading from Day Trading Mentors now. Online trading is like a business. Get mentors to show you how to learn Forex, online day trading on indices and stock market trading. Visit http://www.howtotrade.co.za now to learn Forex.

No comments:

Post a Comment