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Monday, March 12, 2012

Long EUR/USD March 12 2012 Monday


Today we got stopped out of a EUR/USD trade. We saw price action move above all moving averages, price consolidation, and a variation of the cup and handle pattern. I moved to break even after 23 pips. Unfortnately we got stopped out at break even. No major loss here. We will wait for next day's price action. Wait for you setup patiently and you will be rewarded.

Entry: 1.31603
Stop loss: 1.31319
Target profit: 1.32157
Result: Break even, no profit or loss

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