Thursday, October 14, 2010


This pair is the most volatile FX pair, you have been warned.  However this double bottom is looking really solid and I think this trade has really good risk:reward back to 2.00
I didn't post this yesterday because the daily candle looked a bit bearish but todays big rally looks much better.
Here is the weekly chart:

Here is the 240min chart:
I am looking at a pullback to 1.8470 to buy at the moment but watching the price action and I will update on levels once this ripper pauses.

1 comment:

  1. Entry level for EURNZD looks interesting. Where are you putting stop? Is it a bull flag, also, on daily? If so, targeting 1.98 area?