Monday, 21 February 2011

Euro trade cont

Price RTraced a whisker over 50% from highs at 1.3685 at the confluence of the aqua blue ML and grey Andrews fork and pinched the lower Bolly band at 1.3664 which could have been a further entry.It is currently battling with the RL form the magenta mauve fork but i think looks strong as you can see from how it uses previous RL/WL/Mls to bounce off once through them. I have added the blue Schiff so we now have Schiff/mod Schiff and 'normal' Andrews ( thin grey) forks all from the same pivots.
If we fail to make a HH i may take profits on one lot but price is now at 1.3673 so that is not how i see it happening right now.






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