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Friday, November 20, 2009

EARLY Long indications


Hi All

Did you miss me? LOL!

Looking at the charts this morning I've discovered that the gap on NZDUSD has finally closed and price is at a support level both on NZDUSD and EURJPY. This may be indicating a level for price to turn around. This is purely from a technical analysis point of view and in the face of the recent strong move to the downside any attempt to go long here must be met with stringent risk control. I have entered a small position long to test the waters.

This is not a trade recommendation. If you decide to trade please know your risk to account or trade demo.

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Dan