Peter Bain Forex Trading Commentary for Wednesday July 5, 2006
Forexmentor.com Forex Trading Price Action
I guess all the naysayers out there are now running for cover, given the fall in the euro that got underway at yesterday's London open in the form of a 1-2-3 top. Who could have guessed?
Not even oak trees grow to the sky. Now I'm back on my theme of selling the rallies in this downtrend. We've had three since then - the third happening today, just before the London open.Price advanced beyond the expected high of M3, and then collapsed - all the way down to M1, the expected low. Fun, eh?
Not much oomph left in this pair, methinks. The long dumb money must be hiding under a rock.
See today's chart at: http://www.forexmentor.com/campaign/july0506.html
See latest sample AM Review at: http://www.forexmentor.com/sampler/
I guess all the naysayers out there are now running for cover, given the fall in the euro that got underway at yesterday's London open in the form of a 1-2-3 top. Who could have guessed?
Not even oak trees grow to the sky. Now I'm back on my theme of selling the rallies in this downtrend. We've had three since then - the third happening today, just before the London open.Price advanced beyond the expected high of M3, and then collapsed - all the way down to M1, the expected low. Fun, eh?
Not much oomph left in this pair, methinks. The long dumb money must be hiding under a rock.
See today's chart at: http://www.forexmentor.com/campaign/july0506.html
See latest sample AM Review at: http://www.forexmentor.com/sampler/
<< Home