Monday, June 29, 2009

EUR/USD: Standing Aside


As I am writing this post price is breaking through neckline of Head And Shoulder pattern. I will go long after a retest of this level with a target of 1.4260 which is the 161.8 Fib level. If price fails to hold above the 1.4118 after a break I will look to take a small short. Stay tunes for live trade updates on twitter.

14 comments:

  1. Hello Travis!
    I came across your blog and found that we have a common interest in the EUR/USD! I myself am an aspiring forex trader, and I mostly trade the EUR/USD.
    It's interesting how you have spotted a head and shoulders pattern. I am looking at the market right now as quite range-bound, waiting for a breakout(perhaps to the longside?)
    Anyway, I hope we can collaborate. My blog is at http://gulzaarfx.blogspot.com.
    Good luck with your trading!

    ReplyDelete
  2. Yo Travis,

    Where did you go, caribian islands perhaps as it´s holiday season in europe ?

    Now, I hope that you were long with any of those massive yen crosses. I like this correction market, but unfortunately eur-usd has been pretty lazy to participate. Perhaps tiny more bounce to the up, then plunge to 1,3450 area ordered in here.

    http://just-charts.blogspot.com/

    ReplyDelete
  3. Hi
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    ReplyDelete
  4. Good blog I like that look at patterns and tell why the trade made since I also noticed another site with great training and free alerts it is www.getforexalerts.com another forex provider

    ReplyDelete
  5. Great blog if you would like another site with great training inculding head and shoulder sytem as well as others check out www.getforexalerts.com

    ReplyDelete
  6. This is a wonderful website!! 
    参考になります。
    ありがとう。 Thank you!!
    I'd be pleased if you exchange reciprocal link with me.
    お互い頑張りましょう。
    Easy investment
    http://easy-happy-invest.blogspot.com/

    この記事の中でリンクしています。(2010/02/21)
    http://easy-happy-invest.blogspot.com/2010/02/head-and-shoulders-pattern.html
    よかったらご覧になってください。

    ReplyDelete
  7. good blog and information , but i recommend to update it regularly

    ReplyDelete
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  10. Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done.

    ReplyDelete
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