Tuesday, October 13, 2009

EU 1.4818 Touched!

Last nite traders worlwide take the opportunity & advantage on the event of bank holiday for USD. As a result we saw that EU touched last week highest 1.4818! I am saying this is due to no significant news that can contribute this movement appear none for Euro and USD. Seems like all the traders have the same thinking by continously rallies as what they did in early October after few short waves that effected long rallies before that. This taking advantage situation has resulting the rallies to new high as predicted by others 1.5000 continues…

will 1.5000 materialised? or
will the traders feels its enuf with 1.4818 and start with short?

Frens ask me this morning:

Q: What best entry for buy?
A: I am not buying today until the short trendline break. For scalping range 1.4765 until 1.4777.
Can trade with buy/sell ikut selera hehehehe
Since this morning managed 20-35 pips already huhuhu

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