After my analysis yesterday I decided to set a sell limit at 1.3133 and I’ve just been triggered. Why 1.3133? Due to the recent strong upward momentum this can be considered as a counter-trend trade. My target is around 1.29 but I’ll try to look at the chart after I’ll reach the 1:2 risk reward, we are countertrend. My Stop Loss is at 1.3210 because I think we can get a retest of the 1.32 level too. Let’s see. Here is my chart!
January 27, 2012