Retested

We retested the support being in force since 26th June by this way having retraced the previous rise as well.
Now we may continue the downtrend.

Trade geschlossen: Stop wurde erreicht:

I've been waiting to long so that I have to take the little loss now.

Trade ist aktiv:

Given the resistance level reached I think taht it's worth to re-open this position, because it looks like if it's difficult for the rate to overcome it in the short run.

Trade geschlossen: Stop wurde erreicht:

Well, usually a trade stopped out should not be reopened. This time it was worth however, but it was unsuccessfull. I had a very tight stop on this second attempt so that there is a very little loss only. Of course it is possible that the resistance will hold anyway but then I have to reopen again.

Trade ist aktiv:

At the same rate I went short again. It is another trial. The rate is failing to get through the roof, i.e. there is still a chance to see lower prices.

Trade geschlossen: Stop wurde erreicht