High Risk Account Discussion

What an exciting day today in the fx markets! we had a sell trade open from last night based on technical analysis that the EURUSD pair would sink lower, and the ECB press meeting and simultaneous US news releases helped us with a big push. We should have made 100+ pips on that move. Well fx markets being what they are as the news was released the spreads widened sufficiently to take out our very tight trailing stop on that trade, what a disappointment, we had to settle for a 20.7 pip gain. We entered again with another short position expecting a further continuation to the downside. After another sharp move down the trend was clearly exhausting itself and there was some heavy resistance on the 4h and daily charts, so we closed for a 33.1 pip gain. Seeing the potential for a sudden reversal we took the opportunity to go long and closed just before Draghi the ECB President was due to speak and possible market uncertainty, closing our last trade for a 33.5 pip gain. Just another typical days trading at cityforexsignals !! in total 85.3 ppips !!

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