Wednesday, June 17, 2009

To Long Or Short? That Is The Question

That short pressure we have been getting on the smaller
TF's has now spilled over to the daily..THV Trix are now triggering a sell
from timeframe H1 - Daily.This is not the start of a new trend downwards..
it's a retrace or corrective swing as far as the daily and weekly TF's are concerned.
It's an opportunity to re-load longs at lower levels.

As for the right now..lots of opportunity to make pips to the downside
with a final TP @ 153/154. If you stick with the 4HR chart for now..
it's a simple sell on bounces until all TP levels are reached.
That's my strategy for this week at least, looking to just short for now.

Good Luck !!!

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