For the original trade idea, click here. This trade opened just like we expected it would. But that is the only thing it did like we expected it would. After closing below the blue entry line at the end of the 2100 EDT bar on Tuesday, May 5, it immediately turned around and headed back up. We entered at 0.7355 and were stopped out yesterday just before noon EDT at 0.7480. As we traded a half sized lot because of the large stop size, I'm counting half the pips lost in the total. Total loss for the trade was 125/2 or -63. I still think this pair will fall. I will keep my eye on it. Until then, we'll look for other opportunities.Happy Trading!
