Friday, March 9, 2012

9th March 2012 - EURAUD stopped out

My trade on the EURAUD failed overnight on the back of speculation from the ECB. The pinbar formed at resistance and around a significant psychological level (1.25000). I'd set a reward of around 1.5 x risk. Some time after entry, a news release from the ECB seemed to trigger bullish speculation and knocked out my stop loss.

I saw no viable setups this morning. TGIF.

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