Tuesday, October 16, 2012

EURUSD Swing Sell

On EURUSD H1 chart, price is getting close to horizontal resistance area. This area is support turned resistance. Also on the upper side comes the upper trendline which has restrained price since mid of September. 

myfxvoyage.blogspot.com EURUSD Short Trade
This horizontal resistance area can be traded for a swing sell near to resistance area. This price comes around 1.2995. 

I am planning to short it on touch of resistance area with a stop loss above the trendline. Take profit will be either 30/40 pips or the 100/200MA.

Check out the EURUSD Triangle trade [here].

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