A very nice trade from today. At 1:15 PM (GMT) ADP employment report was expected to be released and I know the breaks of important resistance or support levels before such data are rare. EUR/USD made two consecutive moves up of 30+ pips which suggests some exhaustion of the buyers. The area around 1.4440/50 contained strong offers and I decided to sell at the R1 pivot point. I sold at 1.44368 and closed for 9+ pips profit, because the sell orders below 1.4440 knocked down the pair very quickly.
No comments:
Post a Comment