Looks like 3730 area acted as a consolidation area as mentioned on Sunday, so far no short squeeze yet but I,m guessing stops could build behind line if it keeps getting tested in a range at moment . S2 for week looks like good support but would be third visit so must have weakened on last visit . All the best for week Dave .Remember Any Thing Can Happen At Any Time, Mark Douglas quote .
About Me
- fenaghfx
- 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
Wednesday, September 14, 2011
15 min chart
Looks like 3730 area acted as a consolidation area as mentioned on Sunday, so far no short squeeze yet but I,m guessing stops could build behind line if it keeps getting tested in a range at moment . S2 for week looks like good support but would be third visit so must have weakened on last visit . All the best for week Dave .Remember Any Thing Can Happen At Any Time, Mark Douglas quote .
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