Tuesday, May 31, 2005

Signal #4-1: Closed GBP/USD at 1.8172, T/P Limit Hit

"There is no obvious reason why the euro will stop here given that sentiment is so negative.''

Yes, indeed. The euro continued to slide to a new low overnight, and as a result, my GBP/USD position has profited from it. Before the start of a new trading day, the position has already locked in a 60-pips profit after the take profit target was being hit successfully.

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