Technical Trading Setups Journal

Clear and simple forex price action, down channel bottom + 2B buy setup on 5-min chart.

http://www.cornixforex.com/2012/03/forex-price-action-channel-bounce-and-2b/

 

Nice trend in eurusd.
I shorted the second pullback, but screwed up exit.

 

Now you stole my chart with S @ 60.

 

So we are even .

 

Bit early (7 am here) but saw the hourly trendline break, shorted the pullback on the 1 m. the low of yesterday was only few pips away and there was a good chance it breaks after the trendline break.
It did nicely.

 

Nice one!

I don't have charts open yet even, just had a lunch.

 

Thanks. I never trade before Frankfurt open, just doing tests and recapping yesterdays action, but this was just shouting at me.

 

eur usd

 

reduced

 

Thanks ammo, so according to this, after a pullback to 3050-3060 it is more likely to have another leg down.