Sunday 26 June 2011

Weekly Trading Review (20 - 24 June)

EUR/USD 4H

4 hour chart for the big picture
EUR/USD H1

Notice the divergence on the hourly chart.







Entry using Hourly chart

Price break fractal A but still can pass through the 61.8 fibo retracement, (downtrend confirmation)

Sell break fractal B at 1.4351 then add on break fractal C at 1.4283, close all position at 1.4251 (50% fib retracement), a total profit of 132 pips..


I forgot to notice the AO, when it breaks its previous peak, could've done better and let it run..

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