I've just closed my SELL position with profit... hehehe as our prediction this morning the retrace looks reach around 1.2574 level... So, now i'm just waiting and watching EURUSD to find my ENTRY setup.....
We'll see then
Friday, February 20, 2009
EURUSD Friday, Feb 20
Good Morning Indonesia.....
EURUSD is in retrace phase after a big move (up) yesterday. Generally, base on my Weekly Trend analysis EURUSD still in consolidation phase. In my chart you can see that EURUSD still playing between Upper & Lower BB 120 (Plum). Middle line BB 120 (SMA 120) still pointing down but the slope is not too sharp.. so i can assume that Weekly trend is starting to change her trend..
As i said yesterday i still beleive she will trying to change Weekly Trend to Trending Up phase. So, this assumption will fail if the price play below 1.2574 level. And base on this we can assume that maximum retrace will be at this level too... if price move and play below this level we can assume she will change Weekly Trend back to Trending Down phase.
I have opened a SELL position this morning to follow the retrace.. My focus are SMA 24 (Pale Green line), 1.2632, 1.2626, 1.2609 and 1.2574. We'll see then..
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