July 9th 2007
Swing Trade - Long EUR/USD Entry 1.36385 Stop 1.35679 Target: N/A
Interesting opportunity in the Euro. I would suspect if resistance breaks here that it will be a long climb.
However, this is only the second test of major resistance. Ideally, I would like to see this attempt fail, price would fall back down and in another month or two price would comeback to test resistance. This would setup one of my favorite patterns, the triangle.
But, what I want is irrelevant. If prices move higher this test, I'll be in for the run up.
However, this is only the second test of major resistance. Ideally, I would like to see this attempt fail, price would fall back down and in another month or two price would comeback to test resistance. This would setup one of my favorite patterns, the triangle.
But, what I want is irrelevant. If prices move higher this test, I'll be in for the run up.
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1 Comment »
What kind of trader are you? | A Trade A Day on 29 Nov 2007 at 1:05 am #
[...] have also traded forex, but don’t every day because my edge doesn’t always exist. However, when my edge existed in the EUR/USD, I took the trade because it was there. If I had been a day trader of INTC and MSFT only, I would [...]