Remus
Short

EURUSD: Corrective Action (Follow Up)

FX:EURUSD   Euro / U.S. Dollar
On this 4H chart I'm looking for the retest of the mid-channel line followed by a retracement between the 1.2410 and the trendline pointed to by the blue line. That is where I will likely go SHORT to 1.23610 area.
The Russian eco kind of through my game off but I believe the EURUSD will get back on it's main course.

Just in case: If I see some nice price action on the lower timeframes (30M and 1H) along the mid-channel line I'll take a quick LONG to 1.24180. Reason being; If I believe it's going back up based on the information at hand, why not get a little extra out of it. Money Management at ALL TIMES!

Happy Trading....

Comments

SCORE… bounce of mid-channel for a quick 35 pips.
Assessing next move…..
Reply
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