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, August 28, 2011

The Week Ahead 28 Aug

Hello traders , areas I will be looking at this week are R1 4530, R2 4577, R3 4641,R4 4700

S1 4330, S2 4262, S3 4120, S4 4055 . On the big picture the 61% fib level at 4517 and the 78%level at 4702 look very interesting yet again the the top trendlines are not being respected, last week was a very tight range in play all week, will this week produce a meaning full break ??.

Good luck and tight stops Dave. Ps hopefully my broker forex.com are,nt flooded best of luck east coast

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