2B set up
July 16th, 2008
| Tags:
Yesterday EUR/USD completed a perfect 2B set up. After the ZEW numbers the pair made a new life-time high above 1.6018. This new high was not sustained and the market moved below the previous high. At this point we sell 2 pips below 1.6018 and place protective stop above the new high (1.6037). In this caes the stop is above 1.6050 because round numbers and 50’s are used for options barriers. Initial profit target is at least 50 pips.
Leave a comment
| Trackback