PRICE ACTION

PRICE ACTION

piątek, 18 października 2013

#EURUSD Friday...

Common sense dictates looking for longs. I usually try not to trade on Friday, especially if situation is not clear and I’m already in nice profit through the week. There is few places to join the trend and I mainly will look for three scenarios. 1st – break out to the upside and retracement to 1.3680, then uptrend continuation. 2nd – correction to 1.3645 and from there move up. 3rd – weekness after break out to the upside and start of correction.

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