Wednesday, December 12, 2012

EUR / JPY & EUR / USD Update: Wednesday 12th December 2012 04:44hrs

EUR / JPY:

I have been unable to secure an entry with a good risk reward ratio.

My first order at 106.90 was missed by 5 pips.

Price has rallied 50 pips with me

I have removed my orders.

Chart below

 



EUR / USD

My order at was missed by 10 pips.

I have removed my order also

There is a Head & Shoulders pattern forming on the 4 hour chart (as mentioned yesterday)

Should price break back down I will look to play the break of this level,

I will update again when the next strategy trade has been identified

Have a good morning

Regards

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