Friday, July 13, 2007
Forex Day Trading system - Major top in the EUR/USD
Forex Day Trading system - Major top in the EUR/USD
I am watching this currency pair for past 2 days..I am finding that a major top is in place..Thats why even if my trading system is saying that go long, I am not. If you notice, the current level of EUR/USD is offerring a major resistance. The pair has been rejected multiple times from that level..
I'll do either of the below two -
1. Go long only when this resistance level has been broken.
2. Go short once my trading system confirms it. According to me retracement is on the cards.
My trading system now a days is the one that Adam Burgoyne has given in his "5 EMAs forex trading system"..What a superb ebook he has written..Definitely Worth buying..!!!!
Click here if you would like to know what is in this ebook!!
The same is true for GBP/USD also..
Thats all in this post..Visit again to learn more..Labels: 5 EMAs Forex Trading System, Adam Burgoyne, EUR/USD, forex trading ebook, support and resistance
