Friday, 22 February 2013

EUR/USD 22 FEBRUARY 2013



Price seemed to have given us a B low on this time frame  However we still need to wait for a retracement up to the 618/786 of this swing for a short entry. Circa 618 we also have PS/R level, let’s see if we find resistance at that level for a short entry. Reversals are only considered on a break of 3433. No likely trade setups in this session as per the system.

Will be going long if:
No long setup at present. We don’t have any entry criteria for long trades at present, stand aside.

Will be going short if:
We just about have a B low, we still need a retracement to the 618/786 where we will be looking for short trade setups.

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