Blog Home Closed Trades Paul’s Musings Website Information Harmonic Patterns
in Daily Signal - 17 Aug, 2011
by - no comments
#eurusd for wednesday
EURUSD - Primary Analysis - Aug-17 0300 AM (90 min)

EURUSD - Primary Analysis - Aug-17 0300 AM (90 min)

Some fast moves down today from the 1.4450 level as per yesterdays forecast , so onto today and we can look at 2 or 3  places for trades .

A long at resistance (1.43 area with a stop under 1.4250 or a short down from the 1.4450 area with stops above 1.45. Additionaly  a long from 1.4350 looks kind of tempting but stop loss would still have to be 1.4250 area.

Even though the long term daily trend is bullish we need to be a little careful of longs , and I am actually leaning towards shorts being a better bet from higher up.