EURUSD Short again
I am Still Strongly bearish with EURUSD so going long with this pair at the moment is not in my trading list.
Entered short at break of previous candle low, although we are close to the Weekly S1 Pivot level, it was big enough for me to move my stop to break even at that level.
i do study Commitment of traders charts “COT” charts and although there are signs of bullishness appearing but i am still uncomfortable going long.
I was hoping for a ride down to 1.1990 but it did not materialized and my stop was hit with almost 13Pips profit. in other words it was a head fake again.
here are the price charts and the COT charts for you to study. hope this helps.
by the way if you are interested in familiarizing yourself with the COT charts there is a great thread in forex factory that you can benefit from. here is the link to the thread:
http://www.forexfactory.com/showthread.php?t=216247
this one is also a useful one:
http://www.cot-report.com/cot-report-explained/open-interest-british-pound-21-february-2010/
OK, now the charts:
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- EUR COT
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- EUR COT Index
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- EURUSD Daily
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- EURUSD 4Hour Chart
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- EURUSD Hourly Chart
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- EURUSD Hourly Exit
