Wednesday 24 March 2010

Short $ ¥,,right here/right now?







Possible Double top plus huge divergence (Macd& Stochastic's) and is this another high prob trade setup? Or foolishness?
This one is pretty obvious but its' the entry point that worries me....We have not successfully penetrated the previous swing high at 92.15 and a potential 'blind' entry at these levels looks risky..Do i wait for a "poke" bar with a sell stop? Maybe for a last resort but i am watching the US session close bar by bar, and will post my trade (if any.... and it's reasoning -should i take a position) in the coming bars/hours.



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