Now since it is fine, I am back at it.
I am getting straight to the business. The U.S data today came out negative, leading to a strong pull on the EUR/USD pair causing it to make 1.3394 as the day's highest level.
As anyone knowing me would know, I am more of a Chart Trader; hence I am still optimistic and head strong on going short with the pair.
I have attached the 4-H chat that makes me believe that the market is due for a U-turn.
It clearly shows a inside pin bar which indicates a bearish trend for the pair.
I still have 7 open Short deals in losses; only if the market reaches till 1.3350; then at least I will earn 50 pips and have one deal closed.
Apart from that I have the following signals for the Gold and Silver commodities.
Sell Gold at 1421.6 with a stop loss of 1426.6 and gain of 1406.6
Sell Silver at 25.501 with a stop loss of 26.001 and gain of 24.001
Buy Gold at 1367.1 with a stop loss of 1362.1 and gain of 1382.1
Buy Silver at 22.499 with a stop loss of 21.999 and gain of 23.999
Till then, have a good day.
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| 4-H-Chart-26-Aug-2013 |
