Friday, 11 January 2013

EURUSD update 110113







Just a small update.

A trading of EURUSD short can be initiated if EURUSD turned from the resistance at around 1.327 region. Risk is high as you are playing on riding the wave C where B had just ended around its resistance high around 1.327 ( an A-B-C flat correction). Confirmation will be needed. Look at the 34FPL and 47 HTH , these means 34 time bar from prior low and 47 time bar high to high. These are good time bar factor to look at since both are significant lucas and fibo numbers. This will coincide at 4am SG time. So, we can wait for monday to iniated a short if there is a turn here...cheers.

No comments:

Post a Comment