Thursday, February 4, 2010

Euro $



As of 2.10 pm GMT I have still have not initiated a open long position on the euro$. My analysis in the last post is still intact. Above I have included a divergence pattern which adds weight to the analysis. It is a trade based on the four hour chart and ideally the trade needs confirmation from a bar chart pattern/candle pattern on the four hour chart. This is still a few bars away and I may only get a signal tomorow.

If you have done my course you will recognise the pattern above as a Halle Berry. Its against the trend while Eva Mendez is with the trend. As always I am reporting short term trades at www.whichwaytoday.com

Lets be patient

Good Trading

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