Monday, March 2, 2009

Short EUR/USD at 1.2598

Short EUR/USD at 1.2598

Upon clearing all criteria, I entered the short position instantly. With risk aversion continue to be the flavor of the week, we can expect US Dollar to strengthen further. With more auto companies asking for government bailouts, coupled with AIG group asking for federal assistance of additional $30 billion loan in return for ownership. The data looks bleak on all fronts.

Take Profit at 1.2400 for 198 pips. Watch out.

Cheers!

1 comment:

Heng said...

Exit at Trailing Stop with a profit of 9 pips. Thank you.

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