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Amazing day !!

Posted on April 2, 2009 at 12:11 in Market comments by David Aranzabal


Today we have got a nice technical day for EUR/USD with various steps to climb. Let’s have a look:

Before the ECB release and around 8:00 GMT we got some entry point due to trend line break and breakout. Getting long here needed partial profit techniques because you don’t know if the price could reverse after ECB release.

Just after the release we got an opportunity (risky) because the price bounced back till 21% fib ret and broke the 1m. trend line. 2 hours after the release we got a good entry point, the best in Risk / reward ratio I think. (see chart).

Right now Eur/USD is overbought. and It has reached the 1.35 area. I’d be aside till tomorrow European opening. We can get a second leg or a big retracement !!

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One Response to “Amazing day !!”

  1. on 02 Apr 2009 at 12:18 pm1Trading for a living » ECB meeting already finished

    [...] Update !! Review about today’s trading. Focus: ECB . 4 different opportunities for profiting. [...]

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