Wednesday, April 15, 2009

Two trades on EUR/JPY

Entered 2 positions today. Both EUR/JPY at different time. First short position at 130.50 got out with 0 pip gained. The second short position entered at 130.35 but it encountered strong support at 130.00. It was hovering for a while and i decided to close it with 14 pips gain. Fortunately, moments after i closed the trade, the pair staged a strong reversal that would have hit my SL.

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