20 July 2012

EUR/USD : Timing is Ripe

  • Consolidation on the daily chart (inset) looks like over and it's time to go all in short again. 
  • Price action is rolling over (now at 1.2194). Earlier on this evening, added on 1/3 short position at 1.2207.
  • Below 1.2160 would be even better. Not too far away now. For a change, reckon that selling the break this time might work.
  • Stop loss order moved down. If this manages to rally again, I want out quickly. A loss of downside momentum now would also be disappointing.

No comments: