11 February 2011

USDX : Initiated Short @ 78.67

  • Band of resistance around 79.00 on weekly and daily charts.
  • Finally we have rallied to where I think is a good place to start setting up some shorts.
  • Will add onto small position about 30 pips higher from initial (78.67).
  • Monthly chart offers nothing by way of a trade. So stick to the shorter time frames. This trade will not be held for long duration.

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