Pair: Eur USD
Date : 10/08/2011
News: Possiable French Down Grade
Technical’s:
Many different scenarios from the 1hr double top formed this morning Mr Price is now back within Daily triangle after falling through a number of Significant Moving averages on the 4hr hours a bit of a See Saw, hitting the base of the daily Poseidon line near minor support 1.4148
A break of the daily Poseidon line and uptrend then expect more down side. However if
Mr price holds and rallies above 1.4293 then a large abc=D rally is under way. If MR Price keeps its higher lows this would be a aggressive entry. However you can Waite for a break of 1.4299 before entering long. As always management risk
Success %:79%
11/08/2011
Eurusd updated sold @ 1.4291 stops break even
