Waiting for EURUSD to bounce back to 1.3280 and price action gives a reason I'm taking short towards 1.3220
On the other hand if EURUSD keeps charging up thru 1.3280, then if possibility arises I'll be looking for a long trade to grab about 30 pips.
PRICE ACTION
poniedziałek, 12 sierpnia 2013
EURUSD longs still in favour
EURUSD longs still in favour
Looking to go long between 1.3294-1.3303 to at least test 1.3400 once again.
Alternatively below 1.3290 I will be looking for a short term short trade.
Since there is a chance of bouncing to the long side already here at 1.3320, playing momentum long above 1.3345 towards 1.3400 makes sense. Once we get there it is necessary to observe price action to decide about taking that trade
Looking to go long between 1.3294-1.3303 to at least test 1.3400 once again.
Alternatively below 1.3290 I will be looking for a short term short trade.
Since there is a chance of bouncing to the long side already here at 1.3320, playing momentum long above 1.3345 towards 1.3400 makes sense. Once we get there it is necessary to observe price action to decide about taking that trade
czwartek, 1 sierpnia 2013
EURUSD long until proven wrong?
Technically speaking, between 1.3190 and 1.3205 go long until proven otherwise, and by otherwise I comprehend a meaningful break below 1.3175.
First take profit levels:
for a long position: 1.3300
for a short position: 1.3100
First take profit levels:
for a long position: 1.3300
for a short position: 1.3100
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