The pair has failed to break above Weekly Pivot. The short GMMA begin to expand and resume the downtrend after a compression. Meanwhile the long GMMA is still indicating strong down trend as there are good separations between the moving averages. Moreover, the stochastic crossed lower. I entered with a market order at 0.8233
I decided to not set a price objective and hence I failed to take profits when the price hit the low of last week. I shifted my stop loss to the day’s high and was stopped out eventually.
Shorted 1 mini contract at 0.8233 on 25 May 10.
Bought 1 mini contract at 0.8305 on 26 May 10.
Loss = -72 pips
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