Tuesday, May 20, 2014

Forex Trade Example (19 May 14)

A sluggish Monday to start the week off. Spotted an early steady trend on the EUR/USD pair 15 min chart.
Disclaimer:  This is purely for sharing purpose only, not a trading advice or instruction.



Trade: Buy on uptrend pullback after confirming it has resumed upswing (big green bar around trendline area). Caught it right before the bar ended. Took profit near previous high, which turned out to be a temporary resistance before swinging up some more.
Review: Good entry point after confirmation of trend continuation. Maximized profits at take profit. Good trade.

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