EURUSD Scalp and News later this evening

Posted by Siwei at 6:21 PM Thursday, June 4, 2009

Dear graudates,

there are a couple of important news announcements scheduled tonight such as the announcements by BOE and ECB and the Fed Chairman tonight along with the Non-farm unemployment change on Friday. Please bear these in mind and be mindful when trading.

Attached above is a trade initated after a bearish breakout for the EURUSD and the trade will be expected to be kept open during the news release.

For trades that are not in the money, do remember to square the position before any major news. For those who did not manage to catch the breakout, PLEASE do not chase the market.


Regards
Siwei.
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