Sell those rallies in a downtrend on the EUR/USD pair
Forexmentor.com Forex Trading Price Action
According to MACD on the 4 hour chart for the euro (EUR/USD), and the 200 EMA on the 15 minute chart, the trend was down well before the London open today. Therefore, the rally up to M3 at the London open (the expected high for the day) was seen as nothing more than a rally ina downtrend. And, of course, you would have done what? You’ve got it. Go short! Sell those rallies in a downtrend folks! Not only that, but we had a Tom DeMark trendline break immediately after the London open, confirmed by MACD punching down through its trigger line. Pretty coolstuff, eh? Oh, and before I forget, let’s not forget my favorite pair of late – the USD/CAD. We’re UP to 1478 now. The recent announcement from the BOC (Bank of Canada) was to leave interest rates alone. Who could have guessed? In actual fact, they should be going down. That would be another nail. Do you get that sinking feeling? It’s called being short the loonie (translation, Canadian dollar) and long the USD/CAD pair. All aboard! Why not just bite the bullet, join our members at www.forexmentor.com and relieve all the mystery and stress. It’s not all that difficult, if you know what you are doing.
See latest sample AM Review at: http://www.forexmentor.com/sampler/
According to MACD on the 4 hour chart for the euro (EUR/USD), and the 200 EMA on the 15 minute chart, the trend was down well before the London open today. Therefore, the rally up to M3 at the London open (the expected high for the day) was seen as nothing more than a rally ina downtrend. And, of course, you would have done what? You’ve got it. Go short! Sell those rallies in a downtrend folks! Not only that, but we had a Tom DeMark trendline break immediately after the London open, confirmed by MACD punching down through its trigger line. Pretty coolstuff, eh? Oh, and before I forget, let’s not forget my favorite pair of late – the USD/CAD. We’re UP to 1478 now. The recent announcement from the BOC (Bank of Canada) was to leave interest rates alone. Who could have guessed? In actual fact, they should be going down. That would be another nail. Do you get that sinking feeling? It’s called being short the loonie (translation, Canadian dollar) and long the USD/CAD pair. All aboard! Why not just bite the bullet, join our members at www.forexmentor.com and relieve all the mystery and stress. It’s not all that difficult, if you know what you are doing.
See latest sample AM Review at: http://www.forexmentor.com/sampler/
<< Home