Thursday, 16 June 2011

EUR/USD DAILY CHART 16 JUNE 2011


DAILY CHART SNAPSHOT
Note on the daily chart that we are at the BF786. This could be significant, IF we get a bullish setup on the 1hour chart it would be worth a long PT up to the 786 on the daily chart around 4720, a long way off.

This will be confirmed if we get a bullish cs formation on the daily chart, anywhere between the BF786 and the B low. If it doesnt happen then price will just continue to fall on the daily chart.

No comments:

Post a Comment