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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Friday, May 28, 2010

Probable Double Bottom Formation on EURO/USD NEXT-- ??

If you are looking at the Four Hour Chart as listed below, the EURO/USD pair may form a Double Bottom with Neckline located at 1.2670. As such , you must watch out when the price action is approaching this resistance.

The probability of this set up is quite high if the reversal trend continue its present momentum throughout  next week in correlation with  the Indicators...... ...Be Alert on this opportunity.

Happy Trading



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