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Trading Idea : SHORT $EURUSD 17-JUL-2009

by Gav

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!

EURUSD_4hr_17July2009

On the side note, here is a video about EURUSD trend analysis. Check it out.

Comments

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  1. daniel
    I like this setup. It worked yesterday for me too, but I pulled out before hitting my target. I'm not trading today and probably won't get a chance before Monday to trade again, but I was still thinking short, had I traded this afternoon. Well, nice site, definitely will stop by again sometime.
  2. daniel
    I like this setup. It worked yesterday for me too, but I pulled out before hitting my target. I'm not trading today and probably won't get a chance before Monday to trade again, but I was still thinking short, had I traded this afternoon. Well, nice site, definitely will stop by again sometime.
  3. Gulzaar
    Hello Gav! I was actually long on this trade. I set up my charts for a break of the trendline resistance after a fibonacci pullback. Unfortunately, I think the markets were too choppy and even my 50 pip stop loss was reached. Maybe Monday will set up a short. How did yours go?
  4. Gulzaar
    Hello Gav! I was actually long on this trade. I set up my charts for a break of the trendline resistance after a fibonacci pullback. Unfortunately, I think the markets were too choppy and even my 50 pip stop loss was reached. Maybe Monday will set up a short. How did yours go?
  5. Gav
    I have taken my 1R profit on Friday before U.S closing. I decided not to take in extra risk by holding over weekend. I remain bearish at the moment.
  6. Gav
    I have taken my 1R profit on Friday before U.S closing. I decided not to take in extra risk by holding over weekend. I remain bearish at the moment.

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