Monday, December 2, 2013

Long NYO Double Bottom

The Euro double bottomed against the GMT Daily S3 Pivot (1.3531) earlier today.  This double bottom provided an long opportunity that helped me gain +10 on one portion and I still have a trailing portion out there with my stop at BE+1 and a TP of 1.3569.  The 1.3540 level was a level that I marked off on my chart as being high probability.  I'm happy with +10 on the day so if I'm stopped out on my trailing portion, I'll be grateful for what I was able to take from the market.