Friday, July 15, 2011

EURUSD 14 July 2011 Trade 2




























From the first chart, after the stopped out of the long trade, a short trade was initiated. 2 more short trade were initated there after.

As from the chart iteself, the price reach the base kumo cloud, and did a reversal.

From the second chart, the positions were closed out gradually as the price moved lower.

All positions were closed out when the price moved back and cut the Kumo cloud.

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