Thursday, October 29, 2009

EURUSD NY TIME

Right now it is midway through the JPY session and I am currently up 50 pips. Still looking for further upside to 1.49. Hopefully it reaches there and I can release my trade before end of the week and month. Then it would really reach a nice figure which is about 8% returns and 1k in profits.
Another trade idea. EURUSD Long at 1.48 after a breakout of the trendline, with both declining trendline as support and fibbo lvl 50 as 2nd lvl support. Hopefully this carry through.
Looking at price targets which is 1.49 slightly below the 23.6% retracement lvl. and a second lvl target at 1.5050. SL is probably 1.475 slightly below the 50% retracement lvl. and below the dipping trendline.

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