Here is my view on EURUSD situation.
1.2325 is crucial. As I mentioned before you should be taking long at that point. If it happens we go down thru 1.2325 I see next major defence zone for bulls at 1.2220-1.2240.
On the other hand, if we'll keep moving up and break through 1.2410 my next "stop" is 1.2510, and after this one fails - there is a major 1.2620 (1.2600-1.2640 zone).
We are in the bull mood - the price will guide you!
PRICE ACTION
środa, 8 sierpnia 2012
wtorek, 7 sierpnia 2012
poniedziałek, 6 sierpnia 2012
piątek, 3 sierpnia 2012
Imagine H&S on H4 and remember they are trend reversal formations as much as they are strong trend continuation formations. My POIs are all on the chart. Watch for NFP, and if possible scalp some pips after the report.
BTW yesterday trades: 1.2147 long = +30 pips, and 1.2139 long = +12 pips.
Mistakes: missed 1.2297 short entry, and 1.2217 after ECB.
BTW yesterday trades: 1.2147 long = +30 pips, and 1.2139 long = +12 pips.
Mistakes: missed 1.2297 short entry, and 1.2217 after ECB.
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