World Clocks

Thursday, June 22, 2006

Bull reversal - Short Pullback with ZLR


Entered short EUR a little late, but objective was just to add to a Short position I've been holding for 2 weeks. Yesterday the EUR was clearly on a Bull run and pulled back deep early this morning. Early in the EUR session finally hit resistance @ 1.2678 and the trend was on.

Confirmations for short as anotated on chart. WCCI gave some reassurance since I was a little hesitant late yesterday to go short. The best scenario: have as many short positions on EUR till next weeks Fed meeting, make a few $$ in interests, if bear run continues after Fed meeting, more big gains ahead, otherwise, tighten stops, cover short and enjoy the profit. Holding @ +38 pips
Posted by Seaducer67 at 8:01 AM

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