2007-07-14

For EUR/USD expanded weekly view - click here




A raising wedge, currently it going to the upper boundary. After such bearish wedges, we have BIG FALL :)

I wrote:
I WILL NOT PLAY THIS, since, the range is very close ~ 2 cents (104.50 - 106.50).

Now, it looks like the wedge is not so thin, and the yellow mark show what were good buying opportunity, which we missed because traded heavy EUR/USD. Nice strategy would be to wait for such drop next days and to enter.

No comments: