Monday, 10 November 2014

EURusdFX

We are shorting on EURusd for only 20 pips we enter at 1.24472 and we take profit at 1.24135.
The Forex Mechanics believe very strongly that EURusd will go back to the North after about 4hrs retracement
AUDusd moved 28 pips down and moved back to the north even though we predicted it to move 40pips South before returning . Our principle is we start locking profit from 10pips because in Forex no amount of profit is small because the market can turn against you at any time so we got 20 pips on this pair .We are still watching before we come out with our position on its movement this week.
Thanks.
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