FOREX Trading Review Video 10 JUN 09 EUR/USD Bearish Engulfing Shooting Star

Posted by - 17/10/09 at 04:10 am

EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above the 1.4117 level together with candles showing a lack of upward momentum. – Price has now placed in a lower high on the 4H something which it has not done in some time. – 8EMA failed to …

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FOREX Trading Review Video 10 JUN 09 EUR/USD Bearish Engulfing Shooting Star

This entry was posted on Saturday, October 17th, 2009 at 4:57 am and is filed under Currency Trading, Forex Market, Forex Trading, Learn Forex. The entry is tagged under , , , , , , , , , , , , , . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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