TREND (DOWN)

This is about U.S Open and we see a serious move up from our purported support zone. Glad i booked some, nevertheless some more to come.

Short taken @ 1.5507 would be encouraging. This would be our swing for the move downwards.

Second Entry: 1.5507 T.P 1.5350

TREND (DOWN)

Today is Tuesday. I have 2 positions for short:

G/U SHORT 1.5540 T.P 1.5350

1.5500 T.P 1.5350 S.L 1.5567

At both entries we have an initial support (1.5470) to break, this held during the summer and also within this period.

Place proper entries

TREND (DOWN)

SHORT G/U- 1.5536 S.L 1.5580 T.P 1.5350

TIP FOR THE WEEK

ADVICE AND TIPS: While we place entries take critical note of Daily open and Weekly opening's. We would be trading below this point's. Once price stays above any of these opens we have to be critical if counter trading with tight stops......

FOREX SIGNAL

Thanks for staying view to this blog. My objective still remains helping traders in the Forex industry to come out strong and active. While we look into this week’s trend you have to also ensure that you’re prepared for the week ahead. We are heading into thee last week before the Christmas holidays; we would be trading only major trends.

My bias for the week is short on all European currency. Why? Because the situation in Britain is deteriorating, due to austerity measures and pressure from European countries.
So my calls are taken from the swings on the 30mins entry. I would continue to look bearish so I would expect to make better profit for the week.