EURJPY Retests 147.52
Tuesday, September 16th, 2008Overnight and early morning trades retest yesterday’s low of 147.52. As anticipated yesterday before leaving, we decided to automate an entry at 149.79 - a 62% Fib level from Friday’s sessions.
EUR/USD Create Double Tops For Morning Trades
Friday, March 14th, 2008EUR/USD has created double tops on the 15-mins analysis. But on the daily timeframe the EUR/USD chart shown a twizzer-tops from yesterday’s session. This is an indication of a possible reversal is very imminent. In the short-term, the bullish engulfing signal is proving irresistible. I am anticipating a sideway play between 1.5550/5650 today unless something happens.
Cable, GBP/USD Presented Several Trading Opportunities Today
Wednesday, February 27th, 2008Cable, otherwise traded as the GBP/USD provided great volatility today. gbp-15min.gif The upward burst we had experienced yesterday continued in the early morning trades until a resersal signaled just before 0900hrs (GMT). Since then the market have moved like a yo-yo. It had vaccilated between 1.9807/1.9974 which is great for us traders but something an investor might frown upon. The market has trended very well in either direction with huge rewards opportunities in-between. The chart opposite demonstrate the various opportunities presented.
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