Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Friday, November 21, 2008

forex eur-usd forex currency trading results

Today's trading results is also for short trade. I took some chances to go down despite of the 4 hourly stochastic is heading upside. As i can sense that the market is moving in a triangle shape, the idea to find the right edges to break the resistance level 1.2437.

So i have harvested 15 pips from the top of the bollinger band line which is not so bad for end of the day treat. I will add up the eur-usd chart when i have the time. For now get some good night sleep and peace to all who read.

eur-usd trade result pipsAt the moment we are just looking at the market bouncing ups and downs randomly waiting to break the downtrend current resistance level at 1.2466.
eur-usd forex currency trading chart candlestick technical analysis forex signalMarketiva Forex: Trade as low as $1 & FREE $5 + $10000 Virtual Practice Money

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