Eurusd update - 07 Sep 2011 Wed

Hello everyone,

Yesterday eurusd hit my target top within 4 hours and turned down again breaking my target bottom.
In such cases, usually I just remain sideline as I mentioned I will not chase market. Many who chases market have a high chance of losing money. I personally learn it through the hard way.

Words of wisdom: "Market is always open, so be patient even if you misses some opportunity. Trading is like a game. We are here to trade and win, not to lose."
Remember this always!

Today, I reckon that eurusd may take a turn up but I will wait for market to form the reversal to confirm. Basically, I will pick long if eurusd shows reversal without breaking support at 1.3972.

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