Wednesday, June 9, 2010

EUR-USD - Daily update: June 09, 2010

15 min chart:

Wow, look at that price action for the past 3 days, nicely in a range that is now narrowing. It took all of last night for prices to come to a squeeze (reaching the upper trading channel). Chart is saying to me that prices want to break to the downside, that is un-nerving for my long position, however just got to keep saying to myself that my trading idea is on a longer time frame. Hopefully I won't get stopped out today.

Won't be watching markets too closely today, going into NYC to meet Pat and the gang!


Alexander Lê
Managing Partner
Analyze Capital LLC

No comments:

Post a Comment

This Blog has been developed by Analyze Capital LLC, and as an independent organization we provide “AS IS” information without warranty. The ideas and opinions expressed by the contributers of this blog are personal and do not represent the actions or policies of Analyze Capital LLC. The contents of this blog do not intend to assert recommendations or to offer advice of any kind. We are not responsible the consequences, be they gains or losses, that may result from using any of the information from this blog.