General Market Commentary:
We closed our short yesterday for 31 pips profit – EU continued to drop today and would have hit our full TP for 80 pips. Another example of “it’s usually best to stick with the system,” but we had our reasons for closing yesterday – 1.3050 was big support for this pair, and now with that support broken we are retooling our short cannon and once again look to ride the trend down.
Yesterday’s EURUSD Signal Result: Obviously no trades taken yesterday to report on!
Today’s Signal: We will get short on a break of rising support, with a TP of 80 and a SL of 50. 1.30 is heavy psychological support itself, and creates an increased likelihood of some long wicks (i.e. false breaks).
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