Sunday, December 19, 2010

Merry Christmas!!!!! EUR/USD this week!

Well my last post played out nicely for quite a few pips :). Now this week volume will be rather low, but I still see a set up in the works. I am looking for a retest of the 4hr 21 and trendline area inwhich I believe we will continue our downside move. I will look for a set up in the 1.325/30 area. Price could test the top of this zone. I believe in taking a long position during Asia on Monday and scale out in this zone. As we get higher in this zone I will look to start placing short entries. My $ chart is looking good as a conformation. Good luck this week and Merry Christmas.



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