Thursday, 19 July 2012

US DOLLAR 19 JULY 2012


USDOLLAR - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price fell yesterday after testing the previous days high.

FOR TODAY:
We are close to the A low here, a break of the low will signal a reversal on this timeframe.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: Will be going short only IF:
No short trade set-ups at present.

If we don’t get the set-up we are looking for then we don’t trade.

LONG: Will be going long today only IF:
We can consider a long position if price finds support inside the A low followed by a bullish cs formation.

If we don’t get the setup we are looking for then we don’t trade.

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