We use;
200 daily ema,
stochs 5,3,3
Fibonacci tools and
Tredlines
to analyse the market on daily basis.
Today
I long eurusd at the open of tuesday the 28th of december 2010 with a suitable stoploss with my first tp at 1.3348 which is the 200 daily ema resistance.
If price continues above the 200 daily ema resistance I will place my next tp close to fibo 61.8=1.3737.
An upward displacement of price above the 200 daily ema will sustain the movement above the November bearish trendline and as such will further support the change from bearish scenario to bullish scenario.
200 daily ema,
stochs 5,3,3
Fibonacci tools and
Tredlines
to analyse the market on daily basis.
Today
I long eurusd at the open of tuesday the 28th of december 2010 with a suitable stoploss with my first tp at 1.3348 which is the 200 daily ema resistance.
If price continues above the 200 daily ema resistance I will place my next tp close to fibo 61.8=1.3737.
An upward displacement of price above the 200 daily ema will sustain the movement above the November bearish trendline and as such will further support the change from bearish scenario to bullish scenario.
Attached Image (click to enlarge)
