Thursday, February 12, 2009

EURUSD Thursday, Feb 12


Good Morning All,

I'm still holding my first SELL till today, the rest already close with profit. So, what is happened with EURUSD. Check my H4 chart above, we can see clearly that Weekly trend (Magenta) is on consolidation phase after a big down movements. And we can see that Monthly Trend (Aqua) now already in consolidation phase too.

What i have to do? OK, Weekly trend is my focus now. If Weekly trend continue her down move so she will trying to change the Monthly trend back to down move too. And we know that when Weekly trend is changing to Trending Down again she have to play below lower BB 30 SD 1 (H4).. so lower BB 30 SD 1 (H4) will be an IMPORTANT level now. The detail will be clear if we check H1 time frame...