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I did not expect yesterday's ECB meeting to play out as it did
After the announcement of the extra measures and the initial move down
I was short EurUsd into the Draghi speech - betting on another move lower
Luckily I took a 20 pip profit before the fireworks started
The Draghi comment of no more cuts drew the bulls in
and EurUsd shot up beyond my expectations
I was itching to go short around 1.12 the rest of the day
and almost did last night, but could not get my computer to startup ..
This retracement now was bound to come after such a big move up,
the right thing to do now is to try to calculate where the bulls will step in again
gl all
After the announcement of the extra measures and the initial move down
I was short EurUsd into the Draghi speech - betting on another move lower
Luckily I took a 20 pip profit before the fireworks started
The Draghi comment of no more cuts drew the bulls in
and EurUsd shot up beyond my expectations
I was itching to go short around 1.12 the rest of the day
and almost did last night, but could not get my computer to startup ..
This retracement now was bound to come after such a big move up,
the right thing to do now is to try to calculate where the bulls will step in again
gl all
