2waytrading

Scalping is the best strategy at least for now

FX:EURUSD   Euro / U.S. Dollar
434 0 1
We pulled out weekly chart to see if there is a near by support..nothing will stop this before it prints September last year's low, but be-careful it can surprise you upside rebound with violent movement. Euro             opened well below Friday's close, it will fill the gap within the week, but close well below at current levels that is why scalping is best trading strategy at least for now. Expect bounce back to 1.32266 that would be a nice profit if achieved. Since the uptrend was interrupted May this year, and confirmed by 25% rule along with violation of Wilder's smoothing average. We predicted November low, but price didn't even get a rest but rather broke out from that solid base which may indicate that September 2013 lows is in process with a few counter trend (upside moves). U can check the site is now open http://www.2waytrading.com
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