Wednesday, July 28, 2010

trade setup - EUR/USD

so i've found a trade setup for the Euro that i'll be watching out for.


there's been a bullish trend on the Euro which is clearly seen on the 4 hour chart.

So i'm going to be looking at entering the market on a long position.

now when i look at the 1 hour chart i see an area which would be good place to enter.

yesterday low for the EURUSD was 1.2951. which is also close to where the bullish trend line is on the chart.
so i've placed a white square around that area.

as soon as i see a crossover on the EMA's at those levels. i will enter a long position.












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