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Friday, July 21, 2006

Euro Retracement Part 4

Euro Dollar 60 minute chart. Click to enlarge.

Above is a 60 minute chart and you can see we have hit 0.618 fib and also 288 bars are shown as a turning point on Tuesday. From both charts using fib price, time and if you check your MACD for divergence, the analysis shows for a change of direction.

I will not be posting on Monday as it is my B'day so hopefully you all see this over the weekend and decide your strategy from there. Remember to do your own analysis before placing any trades.

Have a good weekend.