I have been stalking a short of EURUSD. (Well, who doesn’t?). However, I prefer to see price pushing a little further before establishing short. Let’s see. As the chart shows, we have confluence of channel, hamornic pattern. And if you notice, it is retesting the previous trend lines. OK, here is the….. CHART!!!!
EURUSD
$EURUSD 29 Jul 2011
Here is the short term position I am holding. $EURUSD broke the recent uptrend line, and now previous support turns into resistance. 1st profit target is achieved, position is now risk free, let’s see where the market is going to bring us.
This infographic was prepared by Oanda. I thought it is very clear and easy to understand. Created by OANDA The Greek Tragedy: Greece’s Economic Crisis, used with permission of OANDA
$EURUSD 12 April 2011
I am playing my plan here. EURUSD has made highs, and finally reach my defined supply level and a bearish harmonic formation has completed in weekly chart. I am at the SHORT side now. Let’s see how it goes. Here is the ….. CHART!
$EURUSD 21 March 2011
Here is the Daily chart of EURUSD. Looking at it carefully, we are entering supply zone, and we have confluence of harmonic patterns, top of channel, and resistance level. I am watching closely for potential short opportunity. Let’s see how it goes.
Key Levels to watch for Week 21 Feb 2011
Here are the currency pairs and the key levels on my watch list for this week. I am not sure if I have any extra energy to trade this week, since I am busy preparing for next week’s house moving. Anyway, that’s not the point of this post. Again, these levels are just support/resistance that […]
