I've read some technical analysis on other sites which suggests the price will start moving up again, and looking at some other currency pairs, such as GBPUSD, AUDUSD, and USDCAD (not shown), suggests something may be afoot.
But look at my lovely orange trend-line! It fits three points. It looks like a normal retrace on a down-trend. We'll see what happens tonight.
My SELL-STOP order activated on 10-02-2012 closed for a +$20 profit. Not so great, considering the losses suffered last week.
The bottom yellow line on the chart above shows where I think the bottom of a large consolidation pattern is. I won't consider placing anymore trades using my break-out strategy until the price falls below this line, which is in the 1.3000 area.
