Saturday, November 28, 2009
Looks like the begining of the drop
Well I have been expecting the dollar to gain it's strength back and I am starting to believe this is the area we need to be looking to go short on all the Yens, pound, and Euro. If you are a swing trader all these pairs are attractive to the downside. I expect good pullbacks early this week and then look to go short around fib levels and areas of confluence like 4 hr 21 and levels of previous support turned resistance. The downside will be long and drawn out. Look to short on pullbacks to previous support breaks for low risk high reward entries. I am working with my mentor and I am learning so much and having a blast trading currencies. I will try to start posting weekly trade plans for record. Good luck to Lara and Jeff with their trading I hope all is well and the pips are flourishing! Take care.
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