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ForceFollower
May 30, 2013 11:13 AM

A short may be developing soon Short

Euro Fx/U.S. DollarFXCM

Description

I won't take it with a limit order. First I'll wait and see, if the down trend line is tested and rejected. Only then will I enter.
Comments
motleifaul
Well 1,30 didn't hold. So we got some more upward potential. I'm adding to my long position.
ForceFollower
Bearing in mind my record of losses, I may be wrong again... But I just got short at 1.30491 anyway, with the SL at. 1.30716. Looking to take profit at 1.29621, where I expect to find support.
motleifaul
What a day! Down 60 Cent and back up. It is the bottom of the 23-24th April that formes the resistance now. It has been tested for a week now and the Euro makes a new attempt now. I hope it will go through this time(przepraszam). But who knows. Your trend channel suggests a correction down first.
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