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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Subz, I agree with your present stance. The trend is very obviously down at this point in time. If you were taking long positions here I might have a gripe :-)
yes... agreed... but we could see 44xx level b4 nfp tom...
price action looks eager to test lower channel support imo...
most traders assuming long(i guess you're one of them) atm and by nfp tom. could already be at low 44xx level... i wouldn't really assume 4400 will hold....
all i can say for now is 8 hour clearly pointing down atm... and will likely continue unless proven otherwise... if next 8 hour candle would close clearly above 4600(which would also mean a positive close)... then i say it could be headed toward 4750/4800...
gl/gt
But take someone like Chloe who is starting to really "get it". He is the world's worst fader but fading is potentially dangerous for all but the most experienced traders. That's my opinion and I'm sticking to it :-)