ponedjeljak, 5. ožujka 2012.

6-3 bit of stall

EURUSD is on its way to break support on daily timeframe which would mean further move to the down in larger scale!

What could we expect today, probably no sell signal, and a bit of retracement which gives a chance to enter at a better price.

Price should probably reach 38% of whole move to the down (fibonnaci resistance) that is around 1.3280. I will wait for that retracement (which could be choppy) and  after some confirmation (on 1 hour  or 15 min chart) that direction is turning around I will enter short. This scenario could happen today but  today could be also very slow and without sell signal, market could take some time off after that big move.

shown below daily, 4 hour and 1 hour




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