EURUSD: closed short @ 1.3229

15.30 gmt

Closed EURUSD at 1.3229, -34 pips.

I’ll see how this closes today in NY; the chart is ambiguous.

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2 thoughts on “EURUSD: closed short @ 1.3229

  1. Daniel

    Yeah, EU is not trending. We made a LL and then an intraday HH without conviction. If no follow through, it would probably close near the mid about 13205. Nice flip on cable, was it system or gut instinct?

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    1. ZenFXTrader

      On cable – my system has a few core chart rules, modified by specific hi-probability PA. In GU we are seeing a pretty rare pattern (clearly visible on the 4h chart) – a reverse right triangle. This false-break pattern almost always means a break to the topside. Once it became clear that there was no follow through to the break of 1.53 this pattern got strengthened and I saw a good opportunity to go long with a relatively tight stop.

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