Monday, May 14, 2007

TRADE UPDATES

THE EURO/USD HIT THE TARGET STATED IN LAST POST 3557 AT 7:23 AM EST.

THE GBP/USD DID NOT YET CLOSE ABOVE 38% FIBONACCI AS WAS SUGGESTED YOU WAIT FOR CLOSE ABOVE HERE BEFORE ANY LONG ENTRY.

KEPT YOU OUT OF A 47 PIP PULLBACK FROM THE HIGH. DON'T CONSIDER GOING LONG HERE UNLESS WE GET A PIVOT ABOVE 9806.

AND LOOKS LIKE IT WILL TEST 9787 BEFORE IT TRIES TO RESUME ANY UP MOVE. A BULL PIVOT AT THIS LEVEL WOULD BE A SAFER BET.

No comments: