Wednesday, May 26, 2010

Eur trade and Aud trade


Eur/Usd entry at 2307 level .confirmed counter trend trade we saw offers come in at the 40 level and with the reports coming out with slight neg sentiment I decided to cover my trade for + 20 especially in this market lately we have been in trades in positive to see the market reverse and close out for a neg especially with any kind of negative sentiment with the euro could cause broad offers and sell of f to see a extension downwards

Aud/Usd trade entry 8275 level...prices extended up towards the 83.16 level ...offers came in at just above yesterdays intraday high thus correcting itself to 61.8% level where a bid tone held prominently....currently long with a fairly low risk to the downside in anticipation to the 8350 level

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