Daily Forex technical analysis for the major pairs Based On The Elliott Waves Principle Combined with Various Technical Indicators And Fundamentals
Thursday, June 3, 2010
Chart Update
Thats an update for the previous chart with new levels as the up move went a bit furthur than i expected , i was expecting a maximum of 8485 but it went just around 20 pips to the upside , i m stalking a good clear correction wave down to jump in to the long side again , i see the 2 possible levels for the bounce up starts at 8460 but i ll be looking closely at 8440-50 then 8410-20 to setup on the long side ,,
i ll be very cautious proceeding with this trades as i dont wanna hold unsecured position in to tomorrows NFEC , i expect a consolidation starting assian session going throught the european session tomorrow before a break out on the report release .
i might have closed our long position on the AUD.USD earlier today a bit early than i wanted to , but cause i have only half position and i didnt have the flexability of having multi positions so that i can cut partial profits ,,, and cause i wanted to cover the month loss ,, i closed it 30 or 40 pips earlier ,
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