July 2013

A lot of indecision from me this Week! The 2nd half of the EUR:AUD swing short was closed for a loss of -180 pips. Taking into account the +321 points taken on the first half of the trade, this gave an overall aggregate profit of +141 points. It's a real shame this trade didn't work out because technically everything looked good. Of course its possible that it will still reverse as the previous major swing high hasn't been decisively taken out, but the chart does look much less bearish than it did when the trade was taken so probably best to be out in the short term.