You may review my last week posting on this currency pair from below link :--
http://millionaireclub88.blogspot.com/2010/07/eurousd-130000-or-1-20000.html
Last Friday, it peaked at 1.2605 and closed at 1.2559, with weakening Momentum toward the market close.
On Daily Chart, , breaking the Friday high at 1.2605 will expose 1.2648, (50% Fibo Retr), and the upward limit shall be capped at 1.2833 (38.2% Fibo Retr)
However, on H1 Chart, Breaking below 1.2400(38.2% Fibo Retr) would expose 1.2290 (28.2 % Fibo Retr), and beyond.
Strategy
BUY ON PULL BACK NEAR 1.2440-1.2460 (DO USE ALL YOUR FAVORITE INDICATORS TO CONFIRM PRIOR TO ENTRY)
SL ===60 -70 PIPS
First Target: 1.2650
Second Target : 1.2800
HI CHART
No comments:
Post a Comment