Sunday, April 18, 2010

2010-04-18 buying the previous week's low

"The EUR/USD fell to 1.3455 in early Asia after stops below 1.3470 were triggered. The move lower was sparked by a WSJ report saying that the UK and Europe were looking for SEC information on Goldman - which has led to speculation of possible legal action against Goldman in Europe. "
The thing is, from Oanda trading platform, I see the low was 1.3468, so I traded base on that. Here is the chart.





Update: Actually after I change my Oanda setting on when the week starts, it shows we are low at 1.3461, I was lucky in the previous trade.

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