Daily Forex technical analysis for the major pairs Based On The Elliott Waves Principle Combined with Various Technical Indicators And Fundamentals
Friday, June 4, 2010
Trade Charting Update
sorry guys for not updating this on time ,, but i was frequently updating this position on the twitter so make sure u follow me there or at leadt follow the twitter tab on the right side of this blog.
with this strong conviencing push down that i anticipated in yesterdays chart and trade , i m seeing a start of a wave that will take us to a lower low , i m looking to add to this position as i wanna set a target for this move down beyond the yearly low so i need the flexability of having a full position to close half of it on the yearly low .
as shown in the chart ,, i m anticipating a rebound that could be limited and short due to strong momentum down , i ll be watching how the waves will develope to pinpoint the best shorting appourtunity which ill take it throught the weekend , but the levels to watch starts from 8345-80 , stay alerted to the blog and the twitter for shorting alert
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