Monday, 12 April 2010

WATCH THE BIRDIE

Ok it's the Euro...i don't spend a lot of time trading this pair (EUR/GBP) but the move today caught my eye.

I generally use this pair as an indicator for my geppy trades...

Today it opened with an all mighty gap up...which by and large is always suspicious as far as i'm concerned
.....Yes we have the Greek problem but how is that any different from the Califonia, Florida, New Jersey, Japan etc etc...problems?

My point is keep your eyes on the chart....if we get a daily close above the 0.8897 zone....then this could rip to the 0.9050 level...DON'T BANK ON THIS REVERSING!!!!


*************************************************
Interested in my trading style?
Get yourself a copy of my 'Simple Trading System'.
Great for Forex and Futures
**************************************************

No comments:

Post a Comment