Wednesday 27 February 2013

EUR/USD 27 FEBRUARY 2013



Price is still hovering around the B low, although it is a confirmed B low, it is not a swing low as yet. We are still waiting for a retracement on this pair. For now we have no trade setup, if price falls from current levels we stand aside as it’s not a system trade. We continue to wait patiently for a setup.

Follow me on twitter @fxdailyforecast where intraday updates are tweeted.

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 have a B , now we need a retracement to the 618/786 where we will be looking for short trade setups. 

No comments:

Post a Comment