Welcome to fenaghfx

This blog is not for specific trades,but to share my experience and what I have learned over the last few years, Trading involves significant risk and may not be suitable for all investors.

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I have been trading since 2008 in the fx market, trading mainly eur/usd my approach is technical,using support/ resistance .But always keeping one eye on the news

Sunday, July 31, 2011

The Week Ahead 31 July

Hello traders, dept ceiling still not solved as I post my charts for areas I will be looking at this week .
I,m posting a lot of charts from daily,12 hour ,4 hr and top chart a 1 hr , On the daily it looks like a possible bull flag, price finished above the 100 sma on friday
On the next chart the 12 hour the bollanger bands set at 50/50 show a possible range being set . The 4 hr chart has a lot of resistance at 4555 area but the top trend line keeps being tested with breaks and rejections soon after and lastly the top chart on a 1 hr time frame shows a H/S pattern
at 4436 with a fib level just below at 4417 all in all this week will be an interesting one with lots of levels to keep an eye on and news also important ,on that note good luck and tight stops ,Dave ,I will post all my trades as soon as I can on twitter when entering wish me luck .

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