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EUR Trade 2

Since I got stopped out on the first position, I decided to reverse because price broke the support point.

4:47 ET – S(5) EUR/USD @ 3670, Stop @ 3685, Target 4 @ 3640, TS1 @ 30 pips.

6:41 ET – Limit hit on 4 @ 3640

6:59 ET – Stop hit on 1 @ 3656

Trade Totals:
+30 X 4 = +120 pips
+14 pips
+134 pips = +$ 13.40

EUR trade 7/27/07
1 hr

Follow up: I should do this more often! Stop and reverse is a good strategy when price breaks a key point.




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