Move EURUSD Short Entry Up

Published June 19th, 2009 - 05:56 GMT
Al Bawaba
Al Bawaba

My picks: EURUSD short now, against 1.4180, target below 1.3750
Expertise: Technical
Average Time Frame of Trades:
 



Yesterday’s push to 1.4000 may have completed the small second wave from 1.3747 (a close look reveals that wave c of that rally is a diagonal).  Enter short at market.  Still, 1.4181 is the bearish line in the sand.  We should be able to add to this trade and minimize risk soon.