Tuesday, July 12, 2011

EURUSD 12 July 2011
















Initiated a short term trade using ichimoku charting.

At 1500h, the price failed to penetrate through the cloud to turn the trend. We can see a good sell as the lagging span traded below the past prices.

Sold EurUsd @ 1.3921 level. This position was closed @ 1.3890 subsequently. 31 pips profit.

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