PRICE ACTION

PRICE ACTION

piątek, 29 czerwca 2012

That's how I view possibilities to make money on EURUSD today.
Personaly, I don't like to trade on Fridays.
We have couple secnarios going on:
You can see bullish Flag forming inside of 1.2550-1.2630 range, which will give you better entry if you're a bull (instead of waiting for break out of 1.2630.
On the other hand break of 1.2550 will give us notion of bears being in power, however it can also be a part of bullish flag (channel bounce), so the throwback we'll be looking for is going to be hard to enter on, as instead we might get break out of the flag.
I think that circled area around 1.2580-1.2590 will be a key level where the bull-bear fight may occur.
Have fun!

Brak komentarzy:

Prześlij komentarz