I shorted EURUSD at 1.27. If you have a look at hourly or 4-hour chart, a bearish rising wedge was formed. After observing EURUSD struggled at 1.27, I pulled the trigger. And, what a day. 3 profit targets were hit.
Here is the CHART!
Have a great weekend!
It was a busy London open. Pullback of EURUSD provided some good shorting opportunities. Price action was slow during Asian hours, and failed to test yesterday’s high. I was a little bit late, short was made at the lower limit of my entry range. It was a quick profitable trade. Two profit targets were achieved, with 1 still trailing. This is just another simple technical trade.
Here is the chart…
I love this chart. What do you see in this chart?
Have a great trading week ahead!
I was looking at EURUSD (Forex:EURUSD). To me, Euro has been running too far, it is time to take a break, and, maybe, come home. 🙂 We are approaching resistance area, and I am looking at the possibility of seeing 1.4 again. �Just as I mentioned in Twitter (follow me if you like my fatal calls), I can’t find enough reasons for not shorting EURUSD now, so I am in. Let’s see.
Here is the …. CHART!
On the side note, here is a video about EURUSD trend analysis. Check it out.
Long story short. I see EURUSD reaches resistance area, and forms a nice short setup for me. So, I am going SHORT.
Here is the …. CHART!
Nothing shows up during my weekend chart screening. I decided to have a look at Dollar index(NYBOT:DX) to get a feel of over all trend direction. I am looking at the possible move into the zone of 82~83 before downtrend resumes. In other words, I might be looking at a stronger dollar for the coming week.
I am still with my previous call of weaker EURUSD. Short setup is still valid. Let’s see how it develops in the coming week.
Here is the CHART of Dollar index
More about CHART and Triangle signal.
As usual, if you are interested in listening to my rant, and (fatal ?) market calls, follow me on Twitter.
