Peter Bain Forex Trading Commentary for Wednesday June 7, 2006
Forexmentor.com Forex Trading Price Action
There's no doubt now as to where the euro is going. I'll give you a clue . it's not up. The topping-out process has concluded in favor of the bears. But, that wasn't all that difficult to decide, given the attitude of the Big Dogs, and the behavior of the sister currencies - the pound and Swissy. Watch out below.That's not to say we won't have rallies along the way down, But, those instances are perfect times to go short. Sell the rallies in a downtrend.
Remember! That's not too difficult to engineer when you use an oscillator like Stochastics.
See today's chart at: http://www.forexmentor.com/campaign/june0706.html
See latest sample AM Review at: http://www.forexmentor.com/sampler/
There's no doubt now as to where the euro is going. I'll give you a clue . it's not up. The topping-out process has concluded in favor of the bears. But, that wasn't all that difficult to decide, given the attitude of the Big Dogs, and the behavior of the sister currencies - the pound and Swissy. Watch out below.That's not to say we won't have rallies along the way down, But, those instances are perfect times to go short. Sell the rallies in a downtrend.
Remember! That's not too difficult to engineer when you use an oscillator like Stochastics.
See today's chart at: http://www.forexmentor.com/campaign/june0706.html
See latest sample AM Review at: http://www.forexmentor.com/sampler/
<< Home