Friday, November 23, 2012

EURUSD Trade

myfxvoyage.blogspot.com EURUSD Trade
EURUSD H4
I ma watching this setup from past few session. I got stopped out on my short trade yesterday. Details [here]. 

Now both long and short trade are coming up on H4 charts. The previously defined channel might act as support on any dips. But I would prefer only short positions in EURUSD. I will also wait for news announcement on Greece on Monday before taking any trade on EURUSD.


For short trade: A trendline which is in place since Sep, might act as support-turned-resistance. And it offer a good short opportunity. 



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