Tuesday, October 5, 2010

Hit the sterling!

Wow was today crazy or what!

so much movement that it actually got little confusing over whether to enter or not.

But I did see sterling hit the high of 1.5911 which I saw as a good entry level for a sell position as it has been a pretty strong resistance level.

So i sold at 1.5877, as soon as i felt that sterling was going to head lower.

here's the chart, and keeping a stoploss just above at 1.5930 which is the next resistance level.

happy trading!


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