Thursday, August 25, 2011

EURUSD 25 Aug 2011
















It was again another day of tsunami...

A short position was initiated as the price was trading below the ichimoku kumo cloud. While there was price retracement thereafter, it traded lower gradually.

After weakof jobless claim data at 0830h, price traded significantly lower. However, some support was shown at 1.4410. Price continued to trade in range bound.

Another short position was initiated according to trade plan.

Shortly after, the support at 1.4410 was penetrated.

The joy was short-lived though. A surge of tsuami came along, tenkan-sen cut the jikun-sen instantly, price shot up the ichimoku kumo cloud, stop loss triggered.

No idea on the intervention at this moment.

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