Monday, September 12, 2011

Euro $



I have shown the h4 chart pointing out resistance with the horizontal line. The m5 chart shows the market rising in a wedge which is bearish. My order is still in place although I am thinking of getting in at market. Nothing done as yet. Very quiet morning after Fridays excitement.

The market is trading at 1.3628. Based on the rising wedge on the m5 and the hard trend down the page I am selling the Euro $ here. I am short at 1.3628 with a stop at 1.3705. Please dont risk any more than 1/2 % of your account in the trade. REMOVE the other order.

good luck

David





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