Fat Forex Profits – The secrets of successful trading

My last post about this pair was when it was about to break down of the wedge it had been trading in.
This occurred and hopefully you got a good short trade out of it.

However, instead of it continuing the breakdown, it stopped and reversed back up. What I think is happening is that it is retesting the breakout trend line of the wedge, which it can continue to do for a couple more days.

My strategy is to short 135.20-136.20 with a stop above 137.20

Good tradin’!

Please remember that this analysis is only my personal opinion.

Any trades are done at your own risk and I take no responsibility for you acting on this or any of my other opinions or trading ideas.

Always do your own homework and never blindly follow someone else’s recommendations.