EURUSD has been rejected by 1.5000 and has just broken 200EMA on M15. However, uptrend is still intact on H1 and H4. Will be looking for long opportunities if price stays above 100EMA and 200EMA on H1 and H4.
Monday, November 23, 2009
Thursday, November 19, 2009
Tuesday, November 17, 2009
Friday, November 13, 2009
There was a big selloff for EURUSD yesterday bringing the price down to 1.4821. Uptrend still intact on H4, however price is below 200EMA on both M15 and H1, will be looking for shorting opportunity when price moves up and rejected by Fib level on M15, profit potential will be limited unless price breaks below 200EMA on H4.
- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think
Trade what you see, Not what you think
Thursday, November 12, 2009
Tuesday, November 10, 2009
Long EURUSD at 1.4982 with SL at 1.4967 which is just below 78.6% Fib on H1 and above M15 100EMA. There is no predefined profit target for this trade, price has to close and supported above 1.4987 for further upwards movement.
- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think
Trade what you see, Not what you think
Monday, November 9, 2009
EURUSD has managed to break through and supported above 61.8% Fib on H1, the immediate resistance to look out for will be 78.6% Fib on H1 which comes in at 1.4969. If price breaks above and supported at 1.4969, price should attempt to move higher to test previous high of 1.5063 provided it breaks and supported above 1.5000.
- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think
Trade what you see, Not what you think
Friday, November 6, 2009
EURUSD makes a higher high yesterday, however price is still rejected by the 61.8% Fib on H1 and taking a closer look at M15, it can be seen that price is rejected at 1.4880
Trade idea for the day: Look for long only if price is supported at 1.4880, 1st profit target will be around 1.4900
Trade idea for the day: Look for long only if price is supported at 1.4880, 1st profit target will be around 1.4900
- http://eurusdtrader.blogspot.com -
Trade what you see, Not what you think
Trade what you see, Not what you think
Thursday, November 5, 2009
Subscribe to:
Posts (Atom)