8.11.10 EUR/USD

Yesterday’s attempted rally was unable to breach the downward channel trend line leaving me with a bearish bias. And I couldn’t have been more correct. We also broke through the long term uptrend line from early June, setting the tone for a tremendous sell off that erased two weeks worth of gains. Here is a chart of the rally attempt as posted to twitter at 2:29 8.10.10… And where we stand currently. I expect a healthy bounce and will be stalking shorts on thursday 8.12.10.

2010
08/12
CATEGORY
Channels
Leave a comment

Disclaimer

Before we go any further…

TRADING EQUITIES, FUTURES, OPTIONS OR FOREX OR ANY OTHER INSTRUMENT INVOLVES THE RISK OF LOSS. PLEASE CONSIDER CAREFULLY WHETHER TRADING IS APPROPRIATE TO YOUR FINANCIAL SITUATION. ONLY RISK CAPITAL YOU CAN AFFORD TO LOSE  WHEN TRADING . INVESTORS COULD LOSE MORE THAN THEIR INITIAL INVESTMENT.

This blog is for educational purposes only! Any advice should be considered as speculative and you should only use this information to help form your OWN decisions.


2010
07/24
CATEGORY
Legal
TAGS
Leave a comment

Recent entry

Archive

Category