It has been awhile since my last November posts. I think it's time to get back on blogging since there are certain people are interested to see me back on track. :)
Let's get to the big picture now on Cable & Euro..
Technically speaking, Cable has found it's bottom so does Euro since global crisis we've been through. To be more spesific, Cable has found its bottom on the end of January '09; and Euro made a beautiful double bottom on weekly chart as you can see if you zoom your chart out. This could be the sign for dollar to be weaken.. Well, time will tell us.
As this is the second week of trading for the month, I've took some trades last week and today. Unfortunately, I've lost quite some pips last week due to my lack of concentration. I didn't realize that last thursday was Interest rate day. Knock me quite hard last week which costs
-200pips.
Here we go for today's trades:
Bought Gbp/Usd:
Result: +73pips
Bought Eur/Usd:
Result: On-going process
Bought another Eur/Usd on retracement:
Result: On-going process
Regards,
Mairza
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